The City of Carmel received the Certificate of Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada for the city’s comprehensive annual financial report for the fiscal year ending December 31, 2020.
In a June press release, the Chicago-based association said the Certificate of Achievement is the highest form of recognition in the field of government accounting and financial reporting, and earning it represents an achievement. important by a government and its leadership.
The report was judged by an impartial panel to meet the program’s high standards, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial history and motivate potential users and user groups to read The report.
“Our City Comptroller’s Office, under the leadership of Ann Bingman, has worked diligently to manage the finances and accounting for multiple budgets and many complex funding and revenue streams,” Mayor Jim Brainard said. “I commend Ann and her staff for taking on this task and diligently looking after taxpayers’ money, investing wisely and keeping our residents informed. »
In addition, Mayor Brainard expressed his gratitude to many others who were instrumental in securing this honor, including Carmel City Council, Directors of Executive Services, and longtime financial consultant Curt Coonrod. and its staff, who have worked collaboratively to ensure excellence in the city’s finances. reports.
Bingman, who serves as Carmel’s city comptroller, said the honor should give Carmel residents a level of comfort and reassurance that the city has a strong financial reporting system that passes the test. review of an external audit and the prestigious Achievement Process certificate.