District of Coldstream Mayor Jim Garlick accepts the Canadian Award for Financial Reporting from Director of Financial Administration, Patricia Higgins, during a council meeting held at the dsitrict office in 2017. (File photo)

Coldstream financial reporting praised

For the seventh consecutive year, the Coldstream has received the Award for Financial Reporting

The District of Coldstream’s dedication to producing a quality annual report has been recognized for the seventh consecutive year.

While the high number of consecutive wins is exciting, Trevor Seibel, chief administrative officer, said Coldstream’s pride lies within what the Canadian Award for Financial Reporting represents.

“We’ve tried to go above and beyond in terms of giving as much information, in the spirit of transparency, for the community so they know in layman’s terms what’s going on,” Seibel said. “We pride ourselves in being as open as we can.”

Awarded by the Government Finance Officers Association of the United States and Canada (GFOA), the prestigious recognition lauds a community’s commitment to publishing high quality and in depth financial reports. A committee of impartial GFOA members judges each submission and looks for municipalities that go beyond the accepted accounting principles to communicate their financial health to their community.

“We hope to make it eight (consecutive wins) here with the 2018 report,” Seibel said. “Our intention is to, for the foreseeable future, maintain that high standard we’ve integrated.”


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