City receives prestigious Canadian Award for Financial Reporting
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Canadian Award for Financial Reporting (CAnFR) to the City of Saskatoon for its annual financial report for the fiscal year ending December 31, 2023. This is the 17th time the City has received this award. View the Administrative Report to be presented to the Standing Policy Committee (SPC) on Finance on May 7. 2025.
The GFOA presented the City with the Canadian Award for Financial Reporting in recognition of the City’s ability to present financial information in a clear, concise, educational, and informative manner.
“Our Finance team continues to uphold financial reporting best practices in terms of clarity, accountability and transparency year-after-year, they consistently align with GFOA annual report format and content standards,” says Kari Smith, Director of Finance. “We are dedicated to serving community taxpayers and stakeholders with clear communication and transparency on the City’s overall financial standing.”
To be awarded the CAnFR, a municipal government must publish an easily readable and efficiently organized annual financial report, whose contents conform to program standards. Such reports should go beyond the minimum requirements of generally accepted accounting principles and demonstrate an effort to clearly communicate the municipal government’s financial picture, enhance an understanding of financial reporting by municipal governments, and address user needs.
The CAnFR Program was established to encourage municipal governments across Canada to publish innovative financial reporting and to maintain a high standard of quality recognized amongst peers.
The attainment of this prestigious award represents a significant achievement by the City of Saskatoon and its financial management team.
View the City of Saskatoon’s award-winning 2023 Annual Report.