News release: May 11, 2023
Peel Region receives Canadian Award for Financial Reporting
Brampton, ON (May 11, 2023) – Peel Region has received the Canadian Award for Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA). Peel Region received the award for the 2021 Annual Financial Report. The report provides a full and transparent look at Peel Region's progress towards its vision of Community for Life and highlights key areas of improvement.
The award recognizes excellence in government accounting and financial reporting and was established to encourage municipal governments throughout Canada to publish high-quality financial reports. The 2021 Annual Financial Report was commended by GFOA for its constructive spirit of full disclosure, designed to clearly communicate the municipality's financial story while motivating the community to read the report.
To be awarded a Canadian Award for Financial Reporting, a government must publish an easily readable and efficiently organized annual financial report, whose contents conform to program standards. Such reports should go beyond the minimum requirements of generally accepted accounting principles and demonstrate an effort to clearly communicate the municipal government's financial picture, enhance an understanding of financial reporting by municipal governments, and address user needs.
Peel Region has received the Canadian Award for Financial Reporting 19 times.
To read the 2021 Annual Financial Report, visit the Peel Region website.
I am delighted that Peel Region has received the Canadian Award for Financial Reporting from the Government Finance Officers Association for our 2021 annual financial report. This award is a testament to Peel Region’s continued commitment to financial stewardship and transparent reporting and reflects Peel’s consistent dedication to managing tax dollars responsibly and transparently.
Patricia Caza, CFO and Commissioner of Corporate Services, Peel Region
Region of Peel
About Peel's transition
The Ontario government announced the dissolution of Peel Region and the establishment of a Transition Board (TB) as part of Bill 112. The Transition Board was appointed to provide recommendations to the Minister of Municipal Affairs and Housing on a range of restructuring matters related to the dissolution of Peel Region to make Mississauga, Brampton and Caledon independent municipalities by January 1, 2025.
To learn about the Transition Board, how it will make these recommendations, and to provide feedback to the Ministry of Municipal Affairs and Housing, visit Ontario's Peel Region Transition Board website.
During our transition, Peel remains committed to providing services to residents and businesses. For information about our transition, visit Peel's transition website.
About Peel Region
Peel Region works with residents and partners to create a healthy, safe and connected Community for Life for approximately 1.5 million people and over 200,000 businesses in the cities of Brampton and Mississauga and the Town of Caledon. Peel's services touch the lives of residents every day. For more information about the Region of Peel, explore peelregion.ca and follow us on Twitter @regionofpeel and Instagram @peelregion.ca.