The City of Norwalk was awarded the Certificate of Achievement for Excellence in Financial Reporting for its Fiscal Year 2017 Comprehensive Annual Financial Report. The Government Finance Officers Association of the United States and Canada (GFOA) annually awards select municipalities across the country with this highest form of recognition in governmental accounting and financial reporting. The City of Norwalk has received this recognition for the last 27 consecutive years.
“It is an honor to receive this prestigious award. We continue to proactively pursue this achievement as part of our commitment to clearly communicate Norwalk’s financial story to the public,” said Norwalk Mayor Harry Rilling. “We have a great team who puts this report together every year. Thank you to Finance Director Robert Barron and his entire staff for the work they did to earn this recognition.”
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles. Those that prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure are recognized in achieving that goal. The aim of the program is not to assess the financial health of governments, but rather to ensure that users of their financial statements have the information they need to do so themselves.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. According to GFOA, receiving this attainment represents a significant accomplishment by a government and its management. The Fiscal Year 2017 Comprehensive Annual Financial Report was judged by an impartial panel and was deemed to meet the high standards of the program, according to GFOA. Those standards include demonstrating a constructive spirit of full disclosure to clearly communicate the City’s financial story and motivate potential users and user groups to read the Report.
The Fiscal Year 2017 Comprehensive Annual Financial Report is available online at norwalkct.org.