City of Cambridge receives national award for excellence in governmental accounting and financial reporting

Cambridge, Ontario. December 9, 2016… The Government Finance Officers Association honoured the City of Cambridge with the Canadian Award for Financial Reporting. The award was given for the City’s annual financial report ending December 2015. 

“We’re honoured to receive this national recognition” explains Mayor Doug Craig. “This award demonstrates staffs’ commitment to openness, transparency and good governance.”

The Canadian Award for Excellence in Financial Reporting Program (CAnFR program) encourages and assists Canadian local governments to go beyond the minimum requirements and prepare annual financial reports that model transparency and full disclosure. It is a significant accomplishment for a municipal government and its management.

“To have met the highest standards set by the GFOA (Government Finance Officers Association) really exemplifies our commitment to openness and transparency in our reporting and the budget process,” explains Steven Fairweather, Chief Financial Officer. “We’re honoured and proud to be receiving such recognition from the GFOA.

CAnFR program award submissions are reviewed by a committee of CFOA professional staff, experts in Canadian public-sector financial reporting, independent auditors, academics, and finance professionals.

To learn more about the Canadian Award for Excellence in Financial Reporting Program visit www.gfoa.org/canfr

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Primary Media Contact:

Andrea Montgomery
Interim Director of Communications
Office of the City Manager
City of Cambridge
montgomerya@cambridge.ca
(519) 740-4680 ext. 4606 / cell: (289) 983-1781

Program Contact:
Steven Fairweather
Chief Financial Officer
Office of the Chief Financial Officer
City of Cambridge
fairweathers@cambridge.ca
(5190 740-4685 ext. 4500 / cell: (519) 212-2381

About the City of Cambridge

The City of Cambridge is one of the fastest growing areas in the country. It is strategically located along highway 401 in southwestern Ontario, part of the Toronto to Waterloo Region Innovation Corridor. With a multicultural mix and a strong foundation of support services, Cambridge has a diverse economic base with leading industries in advanced manufacturing, automotive, technology, pharmaceutical, business and financial services and hospitality/retail. The Corporation of the City of Cambridge is an employer with a progressive work environment focused on creativity and innovation, and offers opportunity for career growth and advancement.

For more information, visit www.cambridge.ca and for accessibility accommodations, please contact accessibility@cambridge.ca. To opt out of the news release distribution, email Shawn Falcao at falcaos@cambridge.ca.