RDKB wins the Canadian Award for Financial Reporting

July 5th, 2023

The Canadian Award for Financial Reporting (CAnFR) has been awarded to the Regional District of Kootenay Boundary (RDKB), by Government Finance Officers Association of the United States and Canada (GFOA) for its annual financial report.

Even though regional districts are not legislated to produce annual reports like municipalities, RDKB’s finance team used the digital publication to provide a snapshot of the organization’s scope, services and spending for the fiscal year ending December 31, 2021.  Created by the branch of government that works closest to the people, it was RDKB’s second-ever annual financial report and the first to be submitted for the CANFR award. 

“Congratulations to the RDKB staff who put this stunning, award-winning document together!  This is a well-deserved win for a report which beautifully captures our 2021 challenges and successes as well as how we manage the services we deliver to our residents.  It’s well worth a look,” says Linda Worley, Chair of RDKB’s Board of Directors.

“RDKB chose to create the document to be transparent and accountable to the region’s citizens on how their needs are met, funds are raised, tax dollars are spent, and to also measure what strategic plan objectives have been achieved,” says RDKB’s Chief Financial Officer Barbara Ihlen whose team plans to receive the award annually.  “Winning this award is an incredible accolade to our team and testament to our commitment to open and responsible reporting,” she adds.

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. The annual financial report 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 its financial story and to motivate potential users and user groups to read the report.

Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.

Head to the homepage of www.rdkb.com to take a look at the 2022 annual financial report, which has just been published.  You can also view the 2021 award winning, annual financial report on the Finance section of the site.  Both editions were designed by Shelly Ackerman.

Link to RDKB’s 2022 annual financial report: https://rdkb.com/Portals/0/Finance/RDKBAnnualReport2022.pdf?ver=2023-06-28-135257-977

Link to RDKB’s award winning 2021 annual financial report:  https://rdkb.com/Portals/0/Administration/Notices/RDKBAnnualReport2021.pdf?ver=2022-06-30-094332-093

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Categories: General