June 16, 2020
The City of Mississauga’s Finance Division has won two awards recognizing excellence in financial reporting – the Canadian Award for Financial Reporting and the Popular Annual Financial Reporting Award from the Government Finance Officers Association GFOA). The City was recognized for presenting financial information in a clear, concise, innovative and informative manner.
“It’s an honour for the City and our Finance team to win these prestigious awards. At such a difficult time for the community, both awards highlight the City’s commitment to share financial information that is accurate, timely and easy to understand,” said Gary Kent, Commissioner of Corporate Services and Chief Financial Officer. “These awards represent the hard work of a dedicated and collaborative team whose work highlights the City’s efforts to be fiscally responsible and financially prudent.”
The City received the Canadian Award for Financial Reporting for its 2018 Financial Report for the 22nd consecutive year. Mississauga continues to be the longest-running municipality in Ontario to achieve this honour.
The City was also awarded the Popular Annual Financial Reporting Award for its 2018 Financial Report Highlights. For the third year in a row, Mississauga received this achievement by having the highest standards for creativity, presentation, plain language and reader appeal.
The GFOA awards are given to municipalities who have met the highest standards of government budgeting and financial reporting.
To review both reports, visit mississauga.ca/portal/cityhall/financereports.
Background:
The GFOA is a non-profit association serving more than 20,000 government finance professionals throughout North America. The purpose of the GFOA is to enhance and promote the professional management of governments for the public benefit. This is achieved by identifying and developing financial policies and best practices and promoting their use through education, training, facilitation of member networking and leadership. For more information on their award programs, visit gfoa.org.