Coaldale’s 2020 Annual Report Highlights Town’s Financial Health

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Report submitted for consideration for third consecutive national award in financial reporting

The Town of Coaldale is pleased to release the 2020 Annual Report. The Annual Report provides comprehensive information regarding the Town’s financial picture to the public through a clear, transparent, and easy-to-read format. Specifically, the report goes beyond the requirements of generally accepted accounting principles and details the Town’s financial performance, major accomplishments, and projects that have taken place over the course of the year.

“The Annual Report is designed to present Coaldale’s overall financial health in a way that is visually appealing and easy-to-digest, encouraging residents and business owners to read through the report for some great information about what the Town has accomplished during the year,” said Coaldale Mayor Kim Craig. “This year’s report continues to demonstrate what a vibrant and growing community we live in. There’s a lot of great information for residents and business to read through and we encourage everyone in and around our community read through the report.”

The 2020 Annual Report includes an overview of the various department projects and achievements from the past year. A few examples of the many successes from the past year include the Alley Rebuild Program, Operation Celebration, and the Highway Landscaping project. The report, along with the Town’s audited financial statements and comparative analysis report, is part of a suite of documents the Town produces and makes available to the public each year to ensure that residents have the opportunity to learn more about what is happening in their community.

“The Town has been awarded the Canadian Award for Financial Reporting from the Government of Finance Officers Association of the United States and Canada for the past two years for our annual report. This is a testament to our commitment to transparency and communicating our finances clearly to the public,” said Kyle Beauchamp, Chief Financial Officer at the Town of Coaldale. “The 2020 Annual Report has been created with the same high standards as our previous award-winning reports and we will be submitting our 2020 Annual Report for the same award.”

The 2020 Annual Report is now available online at coaldale.ca/annual-report. There will also be limited hard copies available in the near future at the Town office, located at 1920 – 17th Street.