Tuesday, 13 March 2018 05:01

City Of Morganton Receives Award For Financial Reporting

The City of Morganton Finance Department is again being recognized by the Government Finance Officers Association of the United States and Canada (GFOA) for its excellence in financial reporting. The city has been honored by GFOA on multiple occasions, including last year.

The City recently received the Certificate of Achievement for Excellence in Financial Reporting from the association for its most recent Comprehensive Annual Financial Report (CAFR). It is the highest form of recognition for governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management, according to GFOA.

Finance Director Karen Duncan says in a news release issued by the city: “Transparency and accuracy in all of the City’s financial reporting is paramount to us. We are thrilled to receive this again, as it speaks to the hard work and dedication of our staff.”

The CAFR was judged by an impartial panel to meet stringent criteria, including demonstrating a spirit of full disclosure in order to clearly communicate the city’s financial story.

The Government Finance Officers Association is headquartered in Chicago, Illinois, and is a major professional association servicing the needs of nearly 19,000 appointed and elected local, state and provincial-level government officials and other finance practitioners.

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