A trifecta! Mississauga earns three awards for financial excellence

The Government Finance Officers Association (GFOA) of the United States and Canada, has recognized the City of Mississauga for its budget and financial reporting documents with three financial awards. The awards received are the Distinguished Budget Presentation Award, the Canadian Award for Excellence in Financial Reporting and the Popular Annual Financial Reporting Award. These awards underscore the City’s excellence in creating budget documents and financial reports that surpass North American benchmarks, illustrating transparency and excellence in financial management.

Distinguished Budget Presentation Award

The City of Mississauga has received the Distinguished Budget Presentation Award for its 2025–2028 Business Plan & 2025 Budget document. This is the 37th consecutive year that Mississauga has received this award.

The award recognizes the City’s commitment to meeting the highest principles of governmental budgeting while ensuring that the budget document serves not only as a financial plan, but also as a policy document, an operations guide, and a communications device for its residents, businesses, and stakeholders.

Canadian Award for Excellence in Financial Reporting

The Canadian Award for Excellence in Financial Reporting has been awarded to the City of Mississauga for the 2023 Financial and Sustainability Report. In order to achieve this recognition, governments must publish a financial report that goes beyond the minimum requirements of Public Sector Accounting Standards, as established by CPA Canada. Governments must also demonstrate 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 27th consecutive year that the City has received this award.

Popular Annual Financial Reporting Award

The Popular Annual Financial Reporting Award was received for the 2023 Financial Report Highlights document which is a condensed synopsis of the City’s 2023 Financial and Sustainability Report. This award recognizes the City’s effort to clearly communicate the municipality’s financial picture through the production of a compact and high-quality financial report specifically designed to be easily understandable and engaging to the general public and other interested parties. This is the eighth consecutive year that Mississauga has received this award.

The City’s budget and financial reporting activities shape the City’s priorities, and the services delivered. This ongoing recognition from GFOA reflects decades of thoughtful municipal planning, budgeting and fiscal discipline consistently practiced by Mississauga’s Council and the City’s leadership team.

Learn more about the City’s financial activities, including the business plan and financial reports, on the City’s website.

Background

The Government Finance Officers Association (GFOA), founded in 1906, represents public finance officials throughout the United States and Canada. The association’s more than 20,000 members are federal, provincial/state, and local finance officials deeply involved in planning, financing, and implementing thousands of governmental operations in each of their jurisdictions. GFOA’s mission is to advance excellence in public finance.

Quotes

“We are proud to be recognized by the Government Finance Officers Association for over three decades, highlighting the City of Mississauga’s commitment to municipal budgeting and fiscal responsibility. This recognition is also a testament to the hard work done by our City Council and staff to create a budget and financial documents that help communicate important and complex financial information to residents in clear and concise way.” – Mississauga Mayor Carolyn Parrish

“The City of Mississauga’s continued commitment to transparency and fiscal responsibility ensures Mississauga residents stay well-informed about the City’s financial status. We are honoured to receive this sustained recognition from the GFOA which is a culmination of the work of dedicated staff and Council members who continue to drive excellence in financial reporting and ensure our city’s financial practices meet the highest standards.” – Marisa Chu, Chief Financial Officer and Treasurer, City of Mississauga

Tags

• Finance and Revenue