by Jennifer Smith - Vernon Morning Star posted Feb 5, 2014 at 1:00 AM
Rather than pumping out a bunch of numbers which leave the average person scratching their head, Coldstream has proven its ability to make a little more sense out of the numbers. For the third year in a row, the district has earned the Canadian Award for Financial Reporting from the Government Finance Officers Association of the U.S. and Canada (GFOA). “I’m very proud of being able to get this award again,” said Trevor Seibel, Coldstream CAO, who started submitting annual reports in 2010. 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. “It’s basically trying to go beyond the norm in terms of reporting,” said Seibel. “We try to put out as much as we can in an easy, readable fashion because it can be quite complex.” 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. “So people get their head wrapped around the variety of services we provide.” Through the award submission, there is a 21-page checklist, which the district uses to annually improve its reporting. “Each year we tweak it a little bit based on the feedback we get,” said Seibel.
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Media release re award for financial reporting - PDF
http://www.gfoa.org/downloads/Canfrapplication.pdf
Showing posts with label 2012 annual report. Show all posts
Showing posts with label 2012 annual report. Show all posts
Wednesday, February 05, 2014
Monday, August 05, 2013
Vernon's 2012 Annual Report & Budget to be adjudicated by GFOA
Vernon first won the Annual Report Award in 2010 for their 2009 Annual Report ( Judging Process ) and has annually submitted and been successful every year since. (2011 & 2012). Vernon will be submitting in 2013 their Annual Report for 2012 as well for the first time the 2013 budget. (Distinguished budget award Judging Process ).
The following is an excerpt from the first Award Certificate as taken from our 2010 Annual Report: (2010 - 4.40 MB)
Vernon Total Bill Annually to participate in these Awards:
Membership: $250
Budget: $425
Annual Report $315
TOTAL: $990
GFOA Membership Fee Schedule
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
 |
| Distinguished Budget Presentation Award Program |
 |
| http://www.gfoa.org/index.php?option=com_content&task=view&id=36&Itemid=59 |
Thursday, July 18, 2013
Annual Report Responses
Don Quixote Note: There was only one person who showed up for the Annual Report Public Input Session. There was one citizen who sent in written questions received at that meeting and the staff reply to his questions are now posted online. (See link below)
Wednesday, June 12, 2013
Vernon mayor defends staff salaries
By Richard Rolke - Vernon Morning Star Published: June 12, 2013 1:00 AM
Vernon’s mayor denies wages are out of control at city hall. The city’s 2012 annual report shows that $21.4 million was spent on employee compensation and expenses, with 91 individuals earning more than $75,000. “With long-term union contracts and the cost of living, payouts increase over time,” said Mayor Rob Sawatzky. “Government has not grown as a percentage of tax dollars.” Sawatzky also says the municipality is responsive to residents’ needs. “A point of endless debate is how much government do you want and how much do you want it to do.” Payroll for city staff went from $18.8 million in 2010 to $20.9 million last year (sic) . Eighty-two employees earned more than $75,000 a year in 2011, up from 66 in 2010. Of those employees who earned more than $75,000 in 2012, chief administrator Will Pearce was at $101,940 in wages and expenses. Rob Dickinson, manager of engineering, was at $128,108 for salary and expenses while fire chief Keith Green was at $127,578. Including Green, 26 individuals at the fire hall earned more than $75,000 in 2012. In terms of elected officials, the city’s 2012 annual report indicates $198,109 was spent on council remuneration and expenses. “For the hours council puts in, most are very poorly paid,” said Sawatzky of his colleagues attending meetings and spending hours reading documents and researching matters. “I doubt they make $10 an hour.” Coun. Mary-Jo O’Keefe received a salary of $21,844 while it was $20,611 for Coun. Juliette Cunningham and $20,474 each for Councillors Catherine Lord, Patrick Nicol, Bob Spiers and Brian Quiring. Sawatzky would not discuss his own salary of $63,466 because he says any comments he made could come across as self-serving. In terms of expenses, there was $5,816 for Sawatzky, $1,715 for Lord, $1,396 for O’Keefe and $1,367 for Cunningham. Nicol, Quiring and Spiers did not submit expenses for 2012. “I just never have. It’s my contribution to the community,” said Nicol. “Each individual (council member) gets to choose what they do. It (not submitting) feels right to me.”
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2012 Draft Annual Report - 28.7 MB
Vernon’s mayor denies wages are out of control at city hall. The city’s 2012 annual report shows that $21.4 million was spent on employee compensation and expenses, with 91 individuals earning more than $75,000. “With long-term union contracts and the cost of living, payouts increase over time,” said Mayor Rob Sawatzky. “Government has not grown as a percentage of tax dollars.” Sawatzky also says the municipality is responsive to residents’ needs. “A point of endless debate is how much government do you want and how much do you want it to do.” Payroll for city staff went from $18.8 million in 2010 to $20.9 million last year (sic) . Eighty-two employees earned more than $75,000 a year in 2011, up from 66 in 2010. Of those employees who earned more than $75,000 in 2012, chief administrator Will Pearce was at $101,940 in wages and expenses. Rob Dickinson, manager of engineering, was at $128,108 for salary and expenses while fire chief Keith Green was at $127,578. Including Green, 26 individuals at the fire hall earned more than $75,000 in 2012. In terms of elected officials, the city’s 2012 annual report indicates $198,109 was spent on council remuneration and expenses. “For the hours council puts in, most are very poorly paid,” said Sawatzky of his colleagues attending meetings and spending hours reading documents and researching matters. “I doubt they make $10 an hour.” Coun. Mary-Jo O’Keefe received a salary of $21,844 while it was $20,611 for Coun. Juliette Cunningham and $20,474 each for Councillors Catherine Lord, Patrick Nicol, Bob Spiers and Brian Quiring. Sawatzky would not discuss his own salary of $63,466 because he says any comments he made could come across as self-serving. In terms of expenses, there was $5,816 for Sawatzky, $1,715 for Lord, $1,396 for O’Keefe and $1,367 for Cunningham. Nicol, Quiring and Spiers did not submit expenses for 2012. “I just never have. It’s my contribution to the community,” said Nicol. “Each individual (council member) gets to choose what they do. It (not submitting) feels right to me.”
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2012 Draft Annual Report - 28.7 MB
Monday, June 10, 2013
2012 annual report remuneration
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| Council Remuneration 2012 |
Staff Total Remuneration 2011 20,728,864 / Total Remuneration 2012 $ 21,221,670 Total Over Year Increase $ 492,806 / %age Increase Y/Y = 2.38%
Elected Officials 2012:
Total Remuneration 2012 $ 187,815 / Total Remuneration 2011 $195,351
Total Over Year Decrease $ 7536 / %age Decrease Y/Y = 3.86%
Comparisions and all reports from Annual Reports:
2012 Draft Annual Report - 28.7 mb 2011 - 7.1 MB
Sunday, June 09, 2013
Greater Vernon Political Remuneration 2012
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| 2012 Greater Vernon Political Remuneration |
Don Quixote Note: This is a compilation of the SOFI data from the Coldstream Annual Report (2012 Annual Report - PDF), the Vernon Annual Report (2012 Draft Annual Report - 28.7 MB) and the agenda package from the RDNO. There is a Total Remuneration (which excludes expenses) added. It is simply the addition of the Municipal Remuneration (Col. 1) & the Nord Remuneration (Col. 4). In 2011 these 2 columns totaled $399139.54 In 2012 the total increased $45.113.48 to $444,253.02. (11.3% increase)
Friday, June 07, 2013
COW AGENDA - MONDAY
Committee of the Whole
Start Time: 8:40am - June 10, 2013
Location: Council Chambers
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- Mr. Murray Smith, CA, and Mr. Dan Healy, CA, of KPMG,
will review the 2012 Audited Financial Statements.
THAT Council receives and approves the 2012 Audited Financial Statements, as presented.
- THAT Council receives the Draft 2012 Annual Report;
THAT Council receives and approves the 2012 Audited Financial Statements, as presented.
- THAT Council receives the Draft 2012 Annual Report;
AND FURTHER, that Council schedule a Public Meeting to
receive submissions and questions from the Public
concerning the 2012 Annual Report for Monday, June 24,
2013, at 5:00 pm in Council Chambers.
2012 Draft Annual Report - 28.7 MB
2012 Draft Annual Report - 28.7 MB
Saturday, May 25, 2013
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