Vancouver earns award for financial reporting

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For the 27th consecutive year, the city of Vancouver has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada.

The award was presented to the city specifically for its 2010 Comprehensive Annual Financial Report, prepared by the Financial and Management Services department.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, the city said in a news bulletin.

The city said its financial report was judged by an impartial panel to meet the high standards of the program, and that the announcement from the finance officers association said Vancouver demonstrates a spirit of “full disclosure,” clearly communicating the city’s financial story, as well as motivating potential users and user groups.

The Government Finance Officers Association of the United States and Canada is a nonprofit professional association serving approximately 17,000 government finance professionals. It has offices in Chicago and Washington, D.C.