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Town of Firestone receives financial reporting award for sixth straight year

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By The Staff

FIRESTONE — For the sixth year in a row, the Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Town of Firestone by the Government Finance Officers Association (GFOA) of the United States and Canada 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. Its attainment represents a significant accomplishment by a government and its management.

The 2012 CAFR was judged by select members of the GFOA professional staff and the GFOA Special Review Committee. The report met the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.

Director of Finance Ron Lay considers this award a testament to the financial integrity of the town as it represents a significant accomplishment by both elected officials and staff alike. Staff members who assisted in the reporting include: Allison Westerhold, Senior Accountant; Linda O’Keefe, Accountant; April Smith, Accounts Payable; and Kristi Ritter, communications and community outreach coordinator.

The GFOA established this award program in 1945 to encourage and assist state and local governments to go beyond the minimum financial reporting to fully disclose financial reports for the public. The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago and Washington, D.C.