District of Lake Country

Lake Country wins award for financial reporting for fourth year

The Canadian Award for Financial Reporting was awarded to the district

The District of Lake Country has won an award for financial reporting for the fourth year in a row.

The Canadian Award for Financial Reporting was awarded by the Government Finance Officers Association of the United States and Canada for its 2017 annual financial report. Mayor James Baker presented the award to chief financial officer Tanya Garost at the regular council meeting Feb. 19, according to the district in a news release.

As the individual primarily responsible for preparing the award-winning report, Tanya Garost also received a Canadian Award for Financial Reporting Achievement.

“Receiving this award multiple years is a significant achievement,” said Garost. “It is only possible due to the collective efforts of a well-qualified finance team that works hard to meet the financial reporting standards required for an award under the Canadian Award for Financial Reporting.”

READ MORE: Lake Country wins financial award for third year

The Canadian Award for Financial Reporting Program was established to encourage municipal governments throughout Canada to publish high quality, comprehensive financial reports that go beyond the minimum requirements, and to provide peer recognition and technical guidance for officials preparing these reports. Its attainment represents a significant accomplishment by a government and its management, the release said.

“We are really pleased that Lake Country has received this award for the fourth year in a row from a professional organization that serves (more than) 18,000 government finance professionals in the U.S. and Canada,” said Baker. “Tanya and the finance department team do an excellent job communicating the municipality’s financial story in the spirit of full disclosure.”

Read the 2017 Annual Report online. A digital magazine version is also available from this page on the District of Lake Country website.


edit@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Just Posted

Councillor Gambell raises motion to fit busses with seat belts

The motion was passed on Tuesday’s council meeting

FormaShape snuffs small electrical fire

Fire department responds to fire in Lake Country for precautionary measures

Melcor Developments supports YMCA Strong Kids with generous $9,000 donation

Local business raises funds to enrich community through YMCA services

Boil water notice extended into Kelowna’s northern boundary

City of Kelowna extends boil water notice to over 100 residences in northern boundary of Kelowna

Kelowna Memorial Cup committee visits 2019 tournament in Halifax

The committee wants to get a first-hand look at how the tournament is organzied

600 new campsites coming to provincial parks and recreation sites across B.C.

Tourism Minister announced half of the new spots to 13 most popular provincial parks

Okanagan housing builds hope for 52 homeless individuals

The 52 unit supported housing apartment officially opens in Vernon

Gardens plant hope for Okanagan residents who were once homeless

Turning Points, in collaberation with Briteland, bring square foot gardening to Blair Apartments

Bear spray culprit released from Penticton RCMP custody

The individual who sprayed the bear spray at Compass House on May 22 has been released

Municipalities protest after B.C. declares marijuana crops ‘farm use’

UBCM president seeks answers in letter to John Horgan government

RCMP set to patrol Okanagan lakes

Vernon-North Okanagan members will be on area waters helping keep boaters safe

Summerland students to raise voices in public speech competition

Public speaking component is included in high school English program

CMHC defends mortgage stress test changes amid calls for loosening rules

Uninsured borrowers must now show they could service their mortgage if rates rose two per cent

Okanagan mill taking two weeks downtime

Vernon-based Tolko Industries tells Armstrong employees mill will take downtime May 27 and June 3

Most Read