The City of Lenoir Finance Department again received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA).
The award was for the City's most recent comprehensive annual financial report - Comprehensive Annual Financial Report Fiscal Year Ended June 30 2022 (PDF). This is the 32nd consecutive award the department has received from GFOA.
A comprehensive annual financial report provides financial details for the City of Lenoir government for a fiscal year. The details include balance sheets, assets, debts, investment funds, tax revenues, expenditures, an audit report, and more.
An impartial panel judged the report to meet the high standards of the GFOA program, which include demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the report.
“The comprehensive annual financial report is public record and provides financial transparency for the City," Finance Director Donna Bean said. "It's important to us that our report meets the highest level of excellence. We appreciate being recognized for the time and effort it takes to create this document."
Finance staff manages the City’s financial accounts; accounts payable, payroll, billing, and collections; collects utility bills and tax bills for 10,000 customers; handles payroll, billing, and collection functions; processes employment applications and maintains personnel records and benefits plans all staff; provides IT services for the City; and manages city insurance policies, safety programs, procurement, and purchasing.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and represents a significant accomplishment by a government and its management.
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. Visit https://www.gfoa.org/ to learn more about the Government Finance Officers Association of the United States and Canada.
Previous comprehensive annual financial reports, the City budget, and other financial records are online at Archive Center > Finance Department Reports.