An international organization has recognized the Regional District of Nanaimo’s finance department for its bookkeeping.
The Government Finance Officers Association, representing public finance officers across North America, has conferred the RDN with the Canadian Award for Financial Reporting for its financial report for the fiscal year ending Dec. 31, 2017. In a letter to the RDN, the association said the award “recognizes excellence in governmental accounting and financial reporting and represents a significant accomplishment by a municipal government and its management.”
Speaking at the regional district April 23 regular meeting, Ian Thorpe, RDN board chairman, said the award was established to encourage municipal governments throughout Canada to publish high-quality financial reports and provide peer recognition and technical guidance for officials preparing these reports.
Thorpe said the annual report was judged by Canadian review committee members to ensure it meets program standards, designed to fully disclose and clearly communicate the municipality’s financial story and to motivate potential users and user groups to read the report.
Thorpe said it is the second consecutive year the RDN has received the award.
– With files from Parksville Qualicum Beach News