Walworth County Chief Financial Officer Jessica Conley announced that Walworth County has received two awards from the Government Finance Officers Association: the Certificate of Excellence in Financial Reporting for the year ended December 31, 2020 and the Distinguished Budget Presentation Award for the County. Budget document 2022.
This is the 19th consecutive year the county has received the Certificate of Excellence in Financial Reporting and the 18th consecutive year the county has received the Distinguished Budget Presentation Award. To be considered, municipalities must be reassessed each year.
“Changes continue to be needed in year-end financial reports and budget book documents,” Conley said in a press release. “County finance staff are working hard to understand and improve these documents to meet our overall transparency and communication goals. Without the help of the departments and the support of the county council, these awards would not be possible.
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Established in 1945, the Certificate in Financial Reporting program assesses the information presented in a municipality’s annual financial report.
The program promotes transparency and full disclosure in government by recognizing exemplary financial reporting by state, provincial, and local governments, as well as public universities and colleges, throughout the United States and Canada.
The guidelines established by the GFOA ensure that recipients meet nationally recognized guidelines for effective financial reporting and encourage recipients to go above and beyond minimum financial reporting requirements.
To be eligible, recipients must be deemed competent or better in all categories. Overall, the exam includes 17 broad categories with hundreds of individual assessment criteria. The report must satisfy both generally accepted accounting principles and applicable legal requirements.
The Budget Awards Program, established in 1984, recognizes best practices in budgeting and the use of nationally recognized budget guidelines throughout North America.
There are more than 1,700 participants in the budget scholarship program. To be recognized, budget documents must meet program criteria and excel as a policy document, financial plan, operations guide, and communication device.
“These awards reflect Walworth County’s commitment to upholding the highest principles in government accounting, financial reporting and government budgeting,” County Administrator Mark Luberda said in the statement. Press. “Winning these awards represents a significant achievement on the part of a government and its leadership.