[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 Blalock

Sr. Public Affairs Specialist

(919) 560-4123 x 11253

(919) 475-7735 (cell)

Amy.Blalock at DurhamNC.gov

 

 

 

 

For Immediate Release: March 14, 2012

 

 

 

City of Durham's Finance Department Earns Reporting Honor

27th Consecutive Award Recognizes High Standards in Financial Reporting

 

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

 

The City's Comprehensive Annual Financial Report (CAFR) has been
acknowledged for the 27th 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 2010-11 CAFR was recognized with the Certificate
of Achievement for Excellence in Financial Reporting, 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."

 

According to Finance Director David Boyd, the recognition further
illustrates for Durham residents that the organization is consistently
achieving one of its Strategic Plan goals. "This prestigious,
international award recognizes the City's commitment to meeting the
highest standards for financial reporting and reaffirms that we are
successfully achieving our Strategic Plan goal to be a well-managed
city," Boyd said. "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 professionalism and it is
rewarding to see that our work consistently receives international
notice and acclaim."

 

A copy of the FY 2010-2011 CAFR is available on the City's website at

http://DurhamNC.gov/ich/as/fin/Pages/Comprehensive-Annual-Financial-Repo
rts.aspx. For more information about the GFOA, visit www.GFOA.org.

 

About the Finance Department

The City of Durham's Finance Department assists the City Council, City
Manager, and City departments with the management of financial resources
and activities including debt and cash management, payroll, vendor
payment, financial reporting, purchasing, and revenue collection.
Finance staff also coordinates risk management activities such as claims
administration and employee safety programs. The department is divided
into six divisions: the office of the director, accounting services,
treasury management, billing and collections, risk management and
safety, and purchasing. For more information, visit 
http://DurhamNC.gov/ich/as/fin/Pages/Home.aspx. 

 

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