Township of King, Ont.—The Township of King has received the Canadian Award for Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for King’s annual financial report for the year ending on Dec. 31, 2021.
The Canadian Award for Financial Reporting Program was established to encourage municipal governments throughout Canada to publish high-quality financial reports and to provide peer recognition and technical guidance for officials preparing these reports. The award recognizes excellence in government accounting and financial reporting and is said to represent a significant accomplishment by the municipality and its management.
The GFOA advances excellence in government finance by providing best practices, professional development, resources and practical research for more than 21,000 members and the communities they serve.
King’s annual financial report was judged by Canadian Review Committee members to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” designed to clearly communicate the municipality’s financial story and to motivate potential users and user groups to read the report.
Link: Canadian Award for Financial Reporting Program
Quotes
Mayor Steve Pellegrini
Township of King
“King’s Finance team has done an exemplary job of creating comprehensible financial reporting documents. The Township of King’s Annual Financial Report for 2021 tells the story of King striking a balance in how efficiently and effectively the Township manages tax dollars.
The Annual Financial Report demonstrates that we are planning for the future, a commitment that is reflected in the decisions we make through our budget process and financial planning.”
Daniel Kostopoulos
CAO, Township of King
“The Township of King remains committed to providing high-quality services in a cost-effective way. I am extremely proud of the team for producing an Annual Financial Report that successfully provides an overview of the financial position of the Township and a snapshot of those successes for 2021.”
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Donna L. Kell, APR
Manager, Communications and Public Engagement
Township of King
2585 King Rd., King City, Ont. L7B 1A1
Office: 905-833-5321 ext. 1044
Mobile: 416-420-7492
dkell@king.ca