CITY OF TRAIL RECEIVES CANADIAN AWARD FOR FINANCIAL REPORTING FOR 2018 ANNUAL REPORT
The City of Trail is pleased to announce it has received the Canadian Award for Financial Reporting (CAnFR) by the Government Finance Officers Association of the United States and Canada (GFOA) for its 2018 Annual Report. This is the City’s third consecutive year to receive the CAnFR award for its excellence in financial reporting. The report was judged by impartial Canadian Review Committee members to meet the high standards of the program, including demonstrating a constructive spirit of full disclosure designed to clearly communicate the municipality’s financial story and to motivate potential user groups to read the report.
”While Trail’s annual report is developed in accordance with legislative requirements mandated by the Community Charter and the Local Government Act, and is prepared for the benefit of our residents and others interested in the City, receiving this type of recognition really highlights the efforts of staff as part of developing the annual content and celebrating the City’s progress and achievements,” said David Perehudoff, City of Trail’s Chief Administrative Officer. “We are very proud of our exciting and dynamic documents that people enjoy reading.”
The theme of the report, shaping our community, was chosen to represent Trail’s continued dedication to building and maintaining new infrastructure while creating a welcoming and inclusive community. In addition to the detailed financial and statistical information presented in the document, the 2018 Annual Report also offers an engaging and informative introduction section that includes messages from the Mayor and CAO, project and community highlights, staff profiles, Council’s strategic priorities, municipal objectives, and a detailed financial services report.
“Staff have already started compiling the 2019 report,” said Perehudoff. “Once it has been inspected by the public and approved by Council, it will be submitted for consideration for the 2019 CAnFR award.”
The 2018 Annual Report can be viewed at www.trail.ca/Reports
About the Canadian Award for Financial Reporting Program and the Government Finance Officers Association
The Canadian Award for Financial Reporting award was established to encourage municipal governments throughout Canada to publish high-quality financial reports and to provide peer recognition and technical guidance for officials preparing these reports. Receiving this award represents a significant accomplishment by a municipal government and its management.
The Government Finance Officers Association (GFOA), founded in 1906, represents public finance officials throughout the United States and Canada. The association’s more than 19,400 members are federal, state/provincial, and local finance officials deeply involved in planning, financing, and implementing thousands of governmental operations in each of their jurisdictions. GFOA’s mission is to advance excellence in state and local government financial management. GFOA has accepted the leadership challenge of public finance. To meet the many needs of its members, the organization provides best practice guidance, consulting, networking opportunities, publications including books, e-books, and periodicals, recognition programs, research, and training opportunities for those in the profession.