The City of Galesburg Recognized for Excellence in Financial Reporting

January 6, 2017 10:38 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, 2015. 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 Certificate of Achievement has been awarded to Gloria Osborn, Director of Finance and Information Systems for the City of Galesburg, as the Finance Department is primarily responsible for preparation of the CAFR.
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 quality of governmental accounting and financial reporting provided by the Finance Department is evident in the numerous times they have been recognized for this honor," said City Manager Todd Thompson. "The City is proud to have such highly-qualified members on our team that continually strive for excellence in their area of expertise."
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL and Washington D.C. 


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