City receives 13th consecutive Canadian award for financial reporting
The City of Saskatoon has again received a Canadian award for excellence in financial reporting from the Government Finance Officers Association of the United States and Canada (GFOA). The recognition comes for the City's Annual Report for the fiscal year ending December 31, 2019. This is the 13th consecutive year the City’s Annual Report has received the prestigious award.
“Receiving this award is a significant accomplishment for the City and its financial Administration,” says Kari Smith, Director of Finance. “We are committed to financial transparency and openly communicating to the citizens of Saskatoon with full disclosure in our annual reporting. Our goal is to be a leader in producing high-quality financial reports year after year.”
The Canadian Award for Excellence in Financial Reporting Program (CanFR) was established to encourage municipal governments across Canada to publish high-quality financial reports and to provide peer recognition and technical guidance for officials preparing these reports.
The City’s 2019 Annual Report has been 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 users and user groups to read the report.