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

[Blalock, Amy]

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CITY OF DURHAM
Office of Public Affairs
101 City Hall Plaza
Durham, NC 27701

News Release


News Media Contact:
Amy Blalock
Sr. Public Affairs Specialist
(919) 560-4123 x 11253
(919) 475-7735 (cell)
Amy.Blalock at DurhamNC.gov<mailto:Amy.Blalock at DurhamNC.gov>
http://Facebook.com/CityofDurhamNC
http://Twitter.com/CityofDurhamNC
http://YouTube.com/CityofDurhamNC


For Immediate Release: April 22, 2014



Share!  Durham Finance Dept. earns 29th consecutive financial reporting award; http://bit.ly/1jE7XTl



Durham's Finance Department Earns Reporting Honor
29th 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 29th 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 2012-13 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."

To review the City's Fiscal Year 2012-13 CAFR, visit http://DurhamNC.gov/ich/as/fin/Documents/Finance/cafr_13.pdf. For more information about the GFOA, visit http://www.GFOA.org.

About the City of Durham's 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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