The following is an excerpt from the first Award Certificate as taken from our 2010 Annual Report: (2010 - 4.40 MB)
The Government Officers Association of the United
States and Canada (GFOA) awarded a Canadian
Award for Financial Reporting to the City of Vernon
for its Annual Financial Report for the fiscal year
ended December 31, 2009. 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.
In order to be awarded a Canadian Award for Financial Reporting, 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.
A Canadian Award for Financial Reporting is valid for a period of one year only. We believe our current report continues to conform to the Canadian Award for Financial Reporting program requirements, and we are submitting it to GFOA.
Coldstream won an Annual Report Award in 2012 for the 2011 Annual Report. It is unclear whether Coldstream resubmits each year or for which Award(s).
In order to be awarded a Canadian Award for Financial Reporting, 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.
A Canadian Award for Financial Reporting is valid for a period of one year only. We believe our current report continues to conform to the Canadian Award for Financial Reporting program requirements, and we are submitting it to GFOA.
Coldstream won an Annual Report Award in 2012 for the 2011 Annual Report. It is unclear whether Coldstream resubmits each year or for which Award(s).
Vernon Total Bill Annually to participate in these Awards:
Membership: $250
Budget: $425
Annual Report $315
TOTAL: $990
GFOA Membership Fee Schedule
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| Distinguished Budget Presentation Award Program |
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| http://www.gfoa.org/index.php?option=com_content&task=view&id=36&Itemid=59 |
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