District of Lake Country receives financial reporting award

This is the fifth consecutive year that the district has received the award

The District of Lake Country is going above and beyond financially.

The district recently received a Canadian Award for Financial Reporting by the Government Finance Officers Association (GFOA) of the U.S. and Canada for the year ending Dec. 31, 2018.

READ MORE: Lake Country budget approved

“This is the fifth consecutive year that Lake Country has received this award from a professional organization that serves over 19,000 government finance professionals in the US and Canada,” said District of Lake Country mayor James Baker.

“Our finance department team do an excellent job communicating the municipality’s financial story in the spirits of full disclosure.”

In order to receive the reward, a government body must produce a readable and accessible financial report.

The award is valid for one year before the district has to submit a new application to the GFOA to be considered for a new award.

As part of the district’s 2020 budget, a 5.88 per cent property tax increased has been proposed for the average assessed home at $711,000.

To learn more about the financial award, you can visit GFOA’s website.


@connortrembley
connor.trembley@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

WATCH: North Okanagan seniors stay fit in self-isolation

Residents have taken to their balconies to follow along in exercise class

KGH Foundation establishes COVID-19 response fund to support frontline workers

Doctors, nurses and staff have been challenged to pivot operations to prepare for the COVID-19 pandemic

General exposure to public low after inmate tests positive for COVID-19: Interior Health

The Okanagan Correctional Centre inmate is receiving appropriate care

Children of frontline workers to return to Central Okanagan schools

Approximately 500 K-6 students will return as 25 schools open doors on Monday

Four vehicle crash stalls traffic in Glenmore

The four-vehicle fender bender took place about 4:15 p.m.

‘Hold our line’: 29 new cases of COVID-19 announced in B.C.

Saturday’s number of new cases marks the lowest in weeks.

Critic, workers’ group ‘disappointed’ Trudeau chose Amazon to distribute PPE

Amazon Canada said in an email to The Canadian Press that it is working with Canada Post, Purolator

COVID-19: ‘Think before you click,’ north Okanagan city says

City of Armstrong urges residents stay safe online as phone, email scams on rise amid pandemic

Vernon Superstore sees long lineups amid COVID-19

Long lineups Saturday evidence customers following social-distancing protocols

Full World COVID-19 update: National Guard collect ventilators in New York; Spain, Italy improve

Comprehensive coronavirus update with news from around the world.

COVID-19: Upcoming season a question mark for Okanagan drive-in movie theatre

Enderby’s Starlight Drive In Theatre says it’s working on limiting capacity, among other safeguards

COVID-19: Online tool helps vulnerable people in North Okanagan receive aid

United Way’s tool connects those in need with pre-screened volunteers in the local area

Two people fined after B.C. police spot online ads re-selling 5,000 surgical, N95 masks

Police confiscated the masks, being sold at inflated prices, and now working with Fraser Health

Woman raised in Shuswap on COVID-19 frontline with field hospital in Italy

Bev Kauffeldt is leading a medical team at the temporary hospital run by Samaritan’s Purse

Most Read