Wednesday, December 20, 2000

Fayetteville finance reports rated tops

By DAVE HAMRICK
dhamrick@TheCitizenNews.com

The city of Fayetteville's Finance Department is doing an excellent job, according to the Government Finance Officers Association of the United States and Canada.

The nonprofit professional organization has awarded the city its Certificate of Achievement for the fourth year in a row.

"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," says GFOA in a press release.

Lynn Raven, director of finance for the city, received the award during City Council's regular twice-monthly meeting Monday. According to GFOA, the award recognizes excellence in the city's comprehensive annual financial report.

The report was "judged by an impartial panel to meet the 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," says the organization's release.

GFOA is a nonprofit professional association serving approximately 14,000 government finance professionals. Its offices are in Chicago, Ill. and Washington, D.C.

Mayor Kenneth Steele presented the certificate and thanked Raven for a job well done.

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