CRD Annual Reports Garner Top Honours for Fifth Year Running

Mar 10, 2009

Victoria, British Columbia – The Capital Regional District has won two Government Finance Officer’s Association (GFOA) awards for its 2007 Annual Reports. This is the fifth year in a row the CRD has been awarded the Canadian Award for Financial Reporting and the fourth consecutive year it has been awarded the Outstanding Achievement in Popular Annual Financial Reporting.

The Canadian Award for Financial Reporting is the highest form of recognition in the area of government financial reporting and is indicative of the Capital Regional District’s commitment to full disclosure and transparency. The CRD has won this award ten times.

“We are very proud to receive this award,” said Board Chair Geoff Young. “Accessible and easily understandable financial information is extremely important to transparent operations at the CRD. I’m pleased to see us uphold this standard with the 2007 Annual Reports.”

The Award for Outstanding Achievement in Popular Annual Financial Reporting is a prestigious award recognizing conformance with the highest standards for preparation of local government popular reports. In order to achieve this honour, a local government must publish a Popular Annual Financial Report, whose contents conform to program standards of creativity, presentation, understandability and reader appeal. The CRD has won this award three previous times.

“This report is an important tool for providing transparent information and being accountable to the public,” said Diana Lokken, General Manager, Corporate Services. “I would like to commend our staff on their dedication to delivering best practices in financial reporting.”

The CRD 2007 Comprehensive Annual Report and Popular (Community) Annual Financial Report are available online or a hardcopy is available by contacting Georgia Andrews, Senior Administrative Secretary, Tel: 250.360.3009.

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For further information please contact:
Bob Strachan, CMA FCMA
Manager of Accounting Services
Tel: 250.360.3035