Finance
City Receives Certificate of Achievement for Excellence in Financial Reporting

Nov 13, 2007

City Receives Certificate of Achievement for
Excellence in Financial Reporting

The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Madisonville by the Government Finance Officers Association of the United States and Canada (GFOA) for its June 30, 2006 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 government and its management.  The City of Madisonville has received this honor every year since 1983. 

An Award of Financial Reporting Achievement has been awarded to the individual(s), department or agency designated by the government as primarily responsible for preparing the award-winning CAFR.  This has been presented to Lloyd Merrell, City Administrative Officer.

The CAFR has been judged by an impartial panel to meet 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 CAFR. 

The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago, IL, and Washington, D.C.