City receives CAnFR for 2019 Annual Report

For Immediate Release

Trail BC – The City of Trail is pleased to announce it has received the Canadian Award for Financial Reporting (CAnFR) by the Government Finance Officers Association of the United States and Canada (GFOA) for its 2019 Annual Report. This is the City’s fourth consecutive year to receive the CAnFR for its excellence in financial reporting. The report is available at www.trail.ca/reports. 

“The annual report is one of the City’s most important documents,” said Rino Merlo, City of Trail’s Deputy Director of Finance. “It includes a comprehensive collection of the City’s audited financial statements while also giving the City an opportunity to tell Trail’s annual story in a creative and engaging manner.”

The theme of the 2019 report, From the Ground Up, was chosen to represent Trail’s commitment to fiscal sustainability, infrastructure upgrades and maintenance, community health and safety, staff succession plans, and land redevelopment opportunities. The project and community highlights, messages from the CAO and the Mayor, the strategic priorities, and staff profiles included in the report align with this theme, both visually and in context. “The City’s Communications and Events Coordinator and I work with a graphic designer who brings this artistic vision to fruition,” said Merlo. “It’s a great team effort and we are very proud of the outcome.”

The report was judged by impartial Canadian Review Committee members and must 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 user groups to read the report.

“We are now working on the 2020 report,” said Merlo. “Once it has been inspected by the public and approved by Council, it will be submitted for consideration for the 2020 CAnFR.”

About the Canadian Award for Financial Reporting Program and the Government Finance Officers Association
The Canadian Award for Financial Reporting award 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. Receiving this award represents a significant accomplishment by a municipal government and its management.

The Government Finance Officers Association (GFOA), founded in 1906, represents public finance officials throughout the United States and Canada. The association's more than 19,400 members are federal, state/provincial, and local finance officials deeply involved in planning, financing, and implementing thousands of governmental operations in each of their jurisdictions. GFOA's mission is to advance excellence in state and local government financial management. GFOA has accepted the leadership challenge of public finance. To meet the many needs of its members, the organization provides best practice guidance, consulting, networking opportunities, publications including books, e-books, and periodicals, recognition programs, research, and training opportunities for those in the profession.

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Andrea Jolly
Communications & Events Coordinator
City of Trail