WATERBURY, Conn. – For the 9th consecutive year, Waterbury
has been awarded a Certificate of Achievement for Excellence in Financial
Reporting by the Government Finance Officers Association of the U.S. and Canada
for its comprehensive annual financial report (CAFR) for the fiscal year ending
June 30, 2015.
The Certificate of Achievement is the highest form of
recognition in the field of government accounting and financial reporting and
its attainment “represents a significant accomplishment by a government and its
management,” the Chicago-based Government Finance Officers Association said in
a statement.
Waterbury Mayor Neil M. O’Leary was pleased with the news
and is arranging to accept the award on behalf of the City’s Department of
Finance.
“Winning this recognition nine years in a row is a testament
to the hard work of our Finance Department,” O’Leary said. “We continue to be
very proud of the progress we’re making not only in how we report our finances
but also in our day-to-day financial operations, resulting in a solid bond rating
that positively reflects our City’s finances.”
Waterbury’s CAFR was judged by an impartial panel to meet
the association’s high standards, which include demonstration of a constructive
“full spirit of disclosure” to clearly communicate its financial story and
motivate potential users and user groups to read the CAFR.
The Government Finance Officers Association is a nonprofit
professional association serving approximately 17,500 government finance
professionals.