By Stan Ashbee
Sunny South News
Lethbridge County has been awarded the Triple Crown Award by the Government Finance Officers Association of the United States and Canada (GFOA) for excellence in financial reporting, according to a recent media release.
“The county has been recognized for achieving a trifecta of international financial reporting awards from GFOA: the Distinguished Budget Presentation Award for the 2020 Budget, Canadian Award for Financial Reporting for the 2019 Annual Report and Popular Annual Financial Reporting Award for the 2019 Annual Report Highlights,” it was stated.
It was pointed out GFOA is an international organization representing over 21,000 members and provides best practices, professional development, resources and practical research in government finance. Entries to their awards program are reviewed by a judging panel and must meet strict program criteria, including going above and beyond the standards of generally accepted accounting principles. Criteria are updated on a regular basis to keep organizations current with best practices in financial reporting.
“This is a significant achievement by our organization,” stated CAO Ann Mitchell. “These awards are the culmination of many hours of hard work by administration, who recognize the value in creating accessible, transparent financial reports for our citizens and stakeholders.”
These financial reports are created by the Finance and Administration and Communications departments over the course of the fiscal year and include information on the county’s financial position, projected spending, operational activities and much more.
“This year’s Triple Crown has been awarded to only four municipalities in Alberta and 11 across Canada,” it was added.
The award-winning documents are available to view on the county’s website at https://lethcounty.ca/p/ financial-publications.