District of Lake Country receives financial reporting award

District of Lake Country receives financial reporting award

This is the fifth consecutive year that the district has received the award

The District of Lake Country is going above and beyond financially.

The district recently received a Canadian Award for Financial Reporting by the Government Finance Officers Association (GFOA) of the U.S. and Canada for the year ending Dec. 31, 2018.

READ MORE: Lake Country budget approved

“This is the fifth consecutive year that Lake Country has received this award from a professional organization that serves over 19,000 government finance professionals in the US and Canada,” said District of Lake Country mayor James Baker.

“Our finance department team do an excellent job communicating the municipality’s financial story in the spirits of full disclosure.”

In order to receive the reward, a government body must produce a readable and accessible financial report.

The award is valid for one year before the district has to submit a new application to the GFOA to be considered for a new award.

As part of the district’s 2020 budget, a 5.88 per cent property tax increased has been proposed for the average assessed home at $711,000.

To learn more about the financial award, you can visit GFOA’s website.


@connortrembley
connor.trembley@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Good Samaritan Mountainview Village located at 1540 KLO Road in Kelowna. (Good Samaritan Society)
Resident, staff member of Kelowna long-term care home test positive for COVID-19

First case of the virus among care home residents in Interior Health

Okanagan College students Michael Ochoa and Tallin Gregoire, both members of the Okanagan Indian Band, raised the Okanagan Nation Alliance flag on July 16, 2019,  outside the Vernon campus. (Karissa Gall photo)
First Nations reconciliation personified at Okanagan College

President Jim Hamilton’s foresight has opened post-secondary education doors for Okanagan College’s Indigenous students

(Randy Mills/@poohbah431111 - Twitter)
Motorcyclist suffers potentially life-threatening injuries after collision in Kelowna

The 26-year-old male was transported to Kelowna General Hospital after the collision last night

32228 Buffalo Drive, Mission
Kelowna neighbourhood to compete for best holiday lights

Residents can vote on the Kettle Valley Holiday Light Up Contest until Dec. 6

(Phil McLachlan - Capital News staff)
Kelowna break-in suspect arrested over weekend

The incident happened on Nov. 28 at approximately 4:40 a.m.

A bus shelter in White Rock is emblazoned with an ad from B.C.’s Office of the Human Rights Commissioner on Sunday, Nov. 29, 2020. (Black Press Media files)
VIDEO: ‘Am I racist?’ campaign asks British Columbians to confront their unconscious biases

Signs asking British Columbians to think about racial injustice have been put up across the province

Black Press Media and BraveFace have come together to support children facing life-threatening conditions. Net proceeds from these washable, reusable, three-layer masks go to Make-A-Wish Foundation BC & Yukon.
Put on a BraveFace: Help make children’s wishes come true

Black Press Media, BraveFace host mask fundraiser for Make-A-Wish Foundation

Jim Neufeld, 55, was last seen leaving his home in Penticton Jan. 21, 2009. (RCMP photo)
Human remains found off U.S. coast in 2009 identified as Penticton man

Jim Neufeld, 55, was last seen leaving his home in Penticton Jan. 21, 2009

Emergency crews respond to crash just before midnight on Trans-Canada Highway east of Salmon Arm. (File photo)
Two pick-up trucks collide head-on on Trans-Canada Highway near Salmon Arm

Police report drivers survive crash late on Nov. 29, taken to hospital

The missing snowmen were found down the road Monday after being removed from their rightful places Sunday, Nov. 29. (Contributed)
Missing snowmen go for an evening stroll in Okanagan

Large Mrs. Snowman cutout apparently went for a walk

A Summerland municipal employee has tested positive for COVID-19. (Summerland Review file photo)
Summerland municipal employee tests positive for COVID-19

Employee now self-isolating and recovering at home

Mary Ellen Turpel-Lafond speaks to a reporter in Vancouver on November 13, 2015. (THE CANADIAN PRESS/Darryl Dyck)
No evidence that B.C. ER staff played blood alcohol level game, but Indigenous racism ‘widespread’

Mary Ellen Turpel-Lafond releases findings of independent investigation

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

(Dave Landine/Facebook)
VIDEO: Dashcam captures head-on crash between snowplow and truck on northern B.C. highway

Driver posted to social media that he walked away largely unscathed

Most Read