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City wins finance reporting award second year in a row

For the second year in a row, the city of Sherwood has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for its comprehensive annual financial report for fiscal year 2013.

Julie BlumsThese certificate is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management, according to the association.

Sherwood's comprehensive annual financial report has been judged by an impartial panel to meet the high standard of the program including a constructive "spirit of disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. "I want to congratulate Julie Blums, our finance director, who prepared our (comprehensive annual financial report)," said City Manager Joe Gall. "Achieving this high level of recognition in financial reporting is a result of our ongoing commitment of fiscal transparency and solid financial management."

Sherwood has also received similar recognition for its budget from the same association for many years. The Government Finance Officers Association is a nonprofit professional association serving approximately 17,500 government finance professionals.



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