[Durham INC] Durham's Finance Dept. Earns Reporting Honor

[Blalock, Amy]

CITY OF DURHAM

Office of Public Affairs

101 City Hall Plaza

Durham, NC 27701

 

 

News Release

 

For Details, Contact:

Amy C. Blalock

Senior Public Affairs Specialist

(919) 560-4123 x 253

(919) 475-7735 (cell)

Amy.Blalock at durhamnc.gov <mailto:Amy.Blalock at durhamnc.gov> 

 

For Immediate Release:  April 3, 2009

 

Durham's Finance Department Earns Reporting Honor


International Award Recognizes High Standards in Government Reporting


 

Durham, N.C. - The City of Durham has received international recognition
yet again for its financial accountability and reporting to Durham's
citizens.

 

The City's Comprehensive Annual Financial Report (CAFR) has been
acknowledged for the 24th consecutive year by the Government Finance
Officers Association of the United States and Canada (GFOA).  The GFOA
is a nonprofit professional association serving government finance
professionals.

 

The City's Fiscal Year 2007-08 CAFR was recognized with the certificate
of achievement, the GFOA's highest form of recognition in the area of
government accounting and financial reporting.  An impartial panel
determined that the report met "the high 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."

 

"This prestigious international award recognizes the City's commitment
to meeting the highest standards for financial reporting," said Keith
Herrmann, interim director of the City's Department of Finance. "Our
financial reporting team is to be commended for its continuing
commitment to excellence. This team maintains the City's financial
reporting system with integrity and it is rewarding to see that their
work consistently receives international notice and acclaim."

 

A copy of the CAFR is available on the City's Web site at 
www.durhamnc.gov/departments/finance/pdf/cafr08.pdf.  For more
information about the GFOA, visit www.gfoa.org. 

 

About the City of Durham's Department of Finance

The mission of the City's Department of Finance is to professionally and
prudentially enhance the City's financial position. The department is
divided into two main components, a treasury component and a
controller's component. The treasury component is subdivided into
Treasury Management, Risk Management, and Purchasing. The controller's
component is subdivided into Enterprise Resource Planning (ERP) and
Accounting Services.  For more information about this department, visit 
www.durhamnc.gov/departments/finance.  

 

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