Surrey gets A+ for fiscal accountability and transparency

THE City of Surrey’s Finance Department has been awarded an A+ by the C.D. Howe Institute. Surrey is only one of two major Canadian municipalities to achieve the A+ grade. The report grades the most recent budgets and financial statements of major Canadian municipalities on financial reporting standards based on transparency, usefulness and timeliness.

“The high standards that the City of Surrey has set for its financial reporting goes beyond the minimum requirements of generally accepted accounting principles,” said Surrey Mayor Doug McCallum. “I am proud that Surrey has been recognized for its fiscal accountability, consistency and transparency. On behalf of Council, I would like to thank the staff of the Finance Department for not only raising the bar, but ensuring our City consistently meets and exceeds the high standards that we have set.”

The City of Surrey also received an award for its 2020-2024 Budget Presentation. The award is presented by the Government Finance Officers Association of the United States and Canada (GFOA) which serves government finance professionals in Canada and the U.S.  The award recognizes quality in governmental accounting and financial reporting and represents a significant accomplishment by a municipal government and its management.