City of Cambridge awarded for financial reporting excellence for 6th straight year

Posted on Thursday December 23, 2021

On December 14, 2021, the City of Cambridge received the Canadian Award for Financial Reporting (CAnFR) from the Government Finance Officers Association (GFOA).

This award recognized Canadian municipalities that went above and beyond in the preparation of their 2020 financial statements by exceeding the requirements of accounting principles to model transparency and full disclosure.

The City’s commitment to financial stewardship and transparency – a key principle of Cambridge Connected, the Strategic Plan – is highlighted through this accomplishment. It is also demonstrated in the Annual Financial Statements made available to the general public and audited each year by an external independent accounting firm.

Quick Facts

  • The City of Cambridge’s annual financial report has been judged by impartial Canadian Review Committee members with expertise in government financial reporting.
  • November 2021, the Distinguished Budget Presentation Award was also awarded to the City of Cambridge from GFOA for the second year in a row.
  • The 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.