At Council today, the City of Mississauga received the “Canadian Award for Financial Reporting” (CAFR) from the Government Finance Officers Association (GFOA) for its 2006 Financial Report. This is the 10th time that the City has received the Canadian Award for Financial Reporting.

“We are proud to be recognized by GFOA once again,” said Commissioner of Corporate Services and Treasurer Brenda Breault. “This award highlights the City’s reputation for being a leader in prudent financial management and government accounting, and is the highest form of recognition that a government entity can receive for financial reporting.”

The award was presented by Acting Mayor Pat Saito to Director of Finance Rob Rossini and Manager of Financial Services Mark Beauparlant.

Breault added that the CAFR program was established to encourage municipal government throughout Canada to publish high-quality financial reports and to provide peer recognition and technical guidance for officials preparing these reports. Attaining this achievement represents a significant accomplishment by a municipal government and its management.

The GFOA is a non-profit professional association serving 15,000 government finance professionals in the United States and Canada, with offices in Chicago, Illinois and Washington, D.C.

Mississauga is Canada’s sixth largest city with a population of more than 700,000. With well-established infrastructure and state-of-the-art facilities, the City is considered to be an employer of choice, delivering quality municipal programs and services to its citizens. Mississauga is a dynamic, diverse, and progressive municipality, known for its economic strength and for being recognized as Canada’s safest city.


                                                            - 30 -