City recognized for excellence, receives Canadian Award for Financial Reporting

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, 2024. This is the 18th time the City has received this award.

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.

“We are proud to be recognized again by GFOA for strong financial reporting and our continued focus on clarity, accountability and transparency in presenting the overall year-end financial position of the City,” says Kari Smith, Director of Finance. “Our Finance team works hard to meet GFOA high standards and present clear information so residents, taxpayers and stakeholders can better understand the City’s year-end position.”

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 2024 Annual Report.