(Red Deer County)

By rdnewsNOW Staff

2021 Annual Financial Report

Red Deer County recognized with Canadian Award for Financial Reporting

Feb 22, 2023 | 4:50 PM

Red Deer County has been honoured with some special recognition.

The County has been named the recipient of the Government Finance Officers Association’s Canadian Award for Financial Reporting for their fiscal year end of December 31, 2021.

(Red Deer County)

In order to be awarded a Canadian Award for Financial Reporting, County officials note that 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, say County officials.

According to the Association, “The Canadian Award for Financial Reporting Program was established to encourage municipal governments throughout Canada to publish high-quality financial reports. Its attainment represents a significant accomplishment by a government and its management.”

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Heather Surkan, Corporate Services Director for Red Deer County commented, “The annual financial report is part of Red Deer County’s commitment to being an open and accountable local government, by presenting clear and concise financial information. In receiving the award, Red Deer County’s dedication to a high standard of fiscal responsibility and transparency is acknowledged.”

The 2021 Annual Financial Report can be found at www.rdcounty.ca/budget.

Government Finance Officers Association (GFOA) advances excellence in government finances by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.