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Top Marks for Excellence in Municipal Finance

Jun 05, 2013

Today at Council, the City of Mississauga acknowledged two awards it received from the Government Finance Officers Association (GFOA) recognizing excellence in financial reporting and budget presentation.

The City was awarded the Canadian Award for Financial Reporting for the 2011 Financial Report for the 15th consecutive year.

"This award is one of the highest honours a municipality can receive for financial reporting and is presented for comprehensive annual financial reports that evidence the spirit of transparency and full disclosure," said Brenda Breault, commissioner of Corporate Services and Treasurer.

The City was also awarded the Distinguished Budget Presentation Award for its 2012-2014 Business Plan Update and 2012 Budget for the 24th consecutive year.

"Assessed based on its effectiveness as a policy document, financial plan, operations guide and communication vehicle this prestigious award recognizes municipalities that succeed in preparing budget documents of the highest quality and that reflect the GFOA's budgeting best practices," explained Breault.

"These two awards demonstrate the unwavering commitment of staff and Council to excellence in financial planning and reporting for the City of Mississauga," said Breault. "The financial report along with the business plan and budget is our commitment to residents and stakeholders of providing them with transparent, quality and comprehensive financial information."

GFOA
The purpose of the Government Finance Officers Association is to enhance and promote the professional management of governments for the public benefit 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 awards programs visit gfoa.org.

As Canada's sixth largest city, Mississauga is home to 741,000 residents and 55,000 businesses, including 63 Fortune 500 companies with Canadian head offices or major divisional head offices. A diverse, progressive and award-winning municipality located on the shores of Lake Ontario in the heart of the Greater Toronto Area, Mississauga is "Leading Today for Tomorrow" by focussing on delivering services, implementing its Strategic Plan, delivering value for money and maintaining infrastructure.

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Media Contact:
Laurel Schut
Manager, Corporate Communications (A)
Phone: 905-615-3200 x5832
TTY:    905-896-5151
Email:   laurel.schut@mississauga.ca


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