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City of Moncton receives Financial Reporting awards

November 29, 2013

MONCTON – The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the City of Moncton the Canadian Award for Financial Reporting for its 2012 Annual Report, as well as the Distinguished Budget Presentation Award for its 2013 Budget.

City Manager Jacques Dubé explained: “These distinctions reflect the commitment of our CFO, John Martin, and staff in the Finance department, to meeting the highest principles of governmental budgeting and financial reporting. This also corresponds well with Council’s top operational priority, which is to foster a culture of fiscal responsibility.”

About the 2012 Annual Report

The Annual Report submission, led by Andrea Flanders, CA, the City of Moncton’s Deputy Treasurer – Corporate and Management Accounting, has been judged by impartial 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.

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.  Its attainment represents a significant accomplishment by a government and its management. 

About the 2013 Budget

The budget submission, led by Gregg Houser, CA, the City’s Deputy Treasurer – Controller, was judged by an impartial review committee established by the GFOA. 

In order to receive the Distinguished Budget Presentation Award, the municipality had to satisfy nationally recognized guidelines for effective budget presentation.  These guidelines are designed to assess how well an entity’s budget serves as:

• a policy document
• a financial plan
• an operations guide
• a communications device

Budget documents must be rated “proficient” in all four categories, and the fourteen mandatory criteria within those categories, to receive the award.

About the GFOA

The Government Finance Officers Association is a nonprofit professional association serving over 17,800 government finance professionals throughout North America.

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Media Contact:

Nicole O. Melanson
Communications, City of Moncton
506-383-6214 / Nicole.melanson@moncton.ca