City awarded Certificate of Achievement for Excellence in Financial Reporting
The Certificate of Achievement for Excellence in Finance Reporting has been awarded to the City of Park Ridge by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual finance report (CAFR) for Fiscal Year 2016. 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.
“This award is a tribute to the hard work and dedication of the Finance Department, led by Acting Finance Director Andrea Lamberg. The City of Park Ridge is committed to keeping our accounting and financial reporting up to the highest national standards possible, and this award is confirmation of that achievement”, said Joe Gilmore, Acting City Manager.
The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of 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 with offices in Chicago, IL, and Washington, D.C.