CHICAGO — The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Mount Vernon for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
An Award of Financial Reporting Achievement is awarded to the individual, department or agency designated by the government as primarily responsible for preparing the award-winning CAFR. Terry Scott, city auditor, received this award.
The CAFR has been judged by an impartial panel to meet the high standards of the program; this includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals; its offices are in Chicago, Ill, and Washington, D.C.
