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Friday, December 4, 2020

City receives 11th financial excellence award

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This week at the regular monthly meeting of the Kennedale

City Council, Finance Director Krystal Crump informed the Council that the City received the Comprehensive Annual Financial Report (CAFR) Award for 2014. {{more:[read more]}}

This is the 11th consecutive year for the city to receive the award.

Krystal Crump, Director of Finance
about the award …
The Government Finance Officers Association (GFOA) established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. The goal of the program is not to assess the financial health of participating governments, but rather to ensure that users of their financial statements have the information they need to do so themselves.
For fiscal years ended in 2014, GFOA awarded the Certificate of Achievement for Excellence in Financial Reporting to 4,181 organizations across the country.

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