City of Galesburg Awarded Certificate for Excellence in Financial Reporting

January 17, 2019 09:25 AM
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Galesburg by the Government Finance Officers Association of the United States and Canada (GFOA) for the City’s comprehensive annual financial report (CAFR) for the year ended December 31, 2017. 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 a government and its management.
The City of Galesburg Finance Department, led by Gloria Osborn, Director of Finance and Information Systems, is primarily responsible for preparing the CAFR. This is the 23rd consecutive year the City of Galesburg has received the award for excellence in financial reporting. 
"We are very pleased that the City of Galesburg Finance Department has once again been recognized for excellence in financial reporting," said City Manager Todd Thompson. "Transparent government accounting is a cornerstone of quality municipal management, and we are proud to continually perform well in this area."
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 Government Finance Officers Association 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. It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois, with offices in Washington, D.C. 


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