The 2023 Annual Report has been published to the Town website and printed copies are available at the Okotoks Municipal Centre and Okotoks Library (limited distribution). The 2023 Annual Report was written to meet Government Finance Officers Association (GFOA) standards.
2022 Annual Report wins the Canadian Award for Financial Reporting (CAnFR)!
The Town received the Canadian Award for Financial Reporting (CAnFR) for its 2022 Annual Report through the GFOA of the United States and Canada. The Town has previously won this award for its 2019, 2020 and 2021 Annual Reports, setting forth a higher standard of excellence in preparing these financial reports while providing full disclosure and transparency to the community.
About the CAnFR Award
The 2023 Annual Report continues to conform to the Canadian Award for Financial Reporting program requirements, and will be submitted to GFOA to determine its eligibility for another CAnFR award. A CAnFR is valid for a period of one year and was established to encourage municipal governments throughout Canada to publish high-quality financial reports and to provide peer recognition and technical guidance for Town Administration preparing the report. Its attainment represents a significant accomplishment by a government and its management. Municipalities applying for this award must go beyond the minimum requirements of generally accepted accounting principles set by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. The 2019-2022 Annual reports were 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 and to motivate individuals to read the report.
2023 Town Financial Statements Available Online
Council approved the Town’s 2023 Financial Statements in April 2024, which were audited by an external independent accounting firm.