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| MEDIA RELEASE DISTRICT OF COLDSTREAM 9901 Kalamalka Road Coldstream, BC V1B 1L6 |
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FOR IMMEDIATE RELEASE
DATE: February 5, 2016 MEDIA CONTACT: Patricia Higgins, Director of Financial Administration PHONE/EMAIL: 250-545-5304 / phiggins@coldstream.ca
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The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Canadian Award for Financial Reporting to the District of Coldstream for its 2014 Annual Report. This is the fifth consecutive year the District has won the prestigious award and represents a significant accomplishment by the District and its management.
The Canadian Award for Financial Reporting program 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. Submissions are judged by impartial members of the GFOA's Canadian Review Committee on their ability to meet the high standards of the program, and demonstrate a constructive "spirit of full disclosure" to clearly communicate a municipality's financial story. 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 GFOA is a non-profit professional association that serves government finance professionals in the United States and Canada with offices in Chicago, Illinois, and Washington, D.C. The association is dedicated to enhancing and promoting the professional management of governments for the public benefit by identifying and developing financial policies and practices and promoting them through education, training and leadership.
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