City scores top marks for financial disclosure

city hall exterior1

(Photo: Kelly Roche/QEW South Post)

Mississauga is one of seven Canadian cities – and the only Ontario municipality – receiving top marks for clear financial reporting.

“Council and staff strive to ensure the city’s financial reporting is transparent and accessible,” said commissioner of corporate services and chief financial officer Gary Kent.

“This recognition is testimony to the city’s commitment to keeping our citizens informed and engaged.”
The Frontier Centre for Public Policy’s local government performance index compared the 2013 financial data of 100 cities across Canada.
Keep in mind, fiscal performance isn’t evaluated.
Criteria includes:
  • providing a detailed breakdown of expenses
  • referencing specific dollar amounts
  • comparisons of previous years and
  • justifications for any increased spending

The index also considered the timeliness of the independent auditor’s report for each city. Edmonton, St. Albert, Calgary, Lethbridge and Medicine Hat – all in Alberta – and Port Coquitlam, BC also placed first nationally.

As for the losers, Niagara Falls received a zero since its 2013 financial statements weren’t yet available. Excluding Niagara Falls, Kawartha Lakes, Ont. and Charlottetown, PEI are in last place nationally, with Windsor, Ont. and Cape Breton, NS close behind. In the Greater Toronto Area, Whitby and Barrie scored poorly.

Grande Prairie, AB ranked last place out west, while New Brunswick fared well with Moncton and Fredericton scoring first and second respectively among eastern cities.

The Frontier Centre for Public Policy is a North American research and education charity founded in 1999 to help voters and policy makers improve their understanding of the economy and public policy, and develop ideas to change the world.

Click here and here for detailed information about Mississauga’s finances.

-Kelly Roche

@qewsouthpost

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s