04/23/2024 | Press release | Distributed by Public on 04/23/2024 12:08
NEWS RELEASE - Distributed April 23, 2024 11:00 AM
For the third year in a row, the City has been awarded the Canadian Award for Financial Reporting (CAnFR) and the Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR) by the Government Finance Officers Association of the United States and Canada (GFOA). These awards are given for the City's Annual Municipal Report and it's shorter version the Annual Report Highlights document.
In order to be awarded a CAnFR, a government unit 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 PAFR award is given to local governments who publish a highlights document, whose contents conform to program standards of creativity, presentation, understandability and reader appeal.
The 2022 Annual Report and Annual Report Highlights can be found on the City website at www.nanaimo.ca/goto/annualreport.
Link to Strategic Plan: Publishing documents that exceed minimum requirements for annual reporting support Council's commitment to corporate excellence and transparent, accountable and accessible communication.
"These awards reflect the City's commitment to transparent financial communication. On behalf of Council, I congratulate our Finance and Communications departments for their excellent work and well-deserved award."
Information collected on this form is done so under the general authority of the Community Charter and Freedom of Information and Protection of Privacy Act (FOIPPA), and is protected in accordance with FOIPPA. Questions about the collection of your personal information may be referred to the Legislative Services Department at 250-755-4405, or via email at [email protected]. Please also see our Privacy Policy.