City of Medicine Hat receives Triple Crown award for financial reporting

Medicine Hat – The City of Medicine Hat is the recipient of the Government Finance Officers Association (GFOA) Triple Crown award for the year ending 2022. The Triple Crown is awarded to municipalities that receive all three financial reporting awards; Canadian Award for Financial Reporting; the Award for Outstanding Achievement in Popular Annual Financial Reporting; and the Distinguished Budget Presentation Award (for the two-year budget beginning Jan. 1, 2023).

“This is a significant accomplishment for our organization and reflects not only the hard work of staff that are dedicated to meeting these high standards, but also the organization’s commitment to transparent, accessible financial reporting,” says Dennis Egert, Chief Financial Officer and Managing Director of Corporate Services. “We hope these awards provide the community with assurance that we remain accountable and forthcoming with the City’s finances.”

The GFOA, founded in 1906, represents public finance officials throughout the United States and Canada. The reports are judged by an impartial Canadian Review Committee 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 potential users and user groups to read the report.

This is the twenty-first consecutive year the City of Medicine Hat has received the Canadian Award for Financial Reporting for its annual financial report, which recognizes high quality financial reports and provides peer recognition and technical guidance for officials preparing these reports. Its attainment represents a significant accomplishment by a municipal government and its management.

It is the eleventh consecutive year for the Popular Annual Financial Report Award, which recognizes cities and local governments for producing a high quality annual financial report by extracting information from their comprehensive annual financial report. The annual report is specifically designed to be readily accessible and easily understandable to the general public and other interested parties without a financial background.

The City of Medicine Hat’s annual financial reports and annual reports can be found online on the Plans, Report and Studies page at https://www.medicinehat.ca/en/government-and-city-hall/plans-reports-and-studies.aspx.

- 30 -

For media inquiries, please contact:
media@medicinehat.ca