City Finance Department Awarded

Kerrville, Texas (December 16, 2014) - The City of Kerrville is pleased to announce the City Finance Department has again been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment. The City has received this award for 30 consecutive years beginning in 1984.

The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles, to prepare comprehensive annual financial reports that indicate the spirit of transparency and full disclosure, and then to recognize individual governments that succeed in achieving the goal. Reports submitted to the CAFR program are reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee (SRC), which comprises individuals with expertise in public-sector financial reporting and includes financial statement preparers, independent auditors, academics, and other finance professionals.

The finance department was recognized at the City Council meeting held on December 9, 2014.

For additional information contact Ashlea Boyle, Special Projects Manager at (830) 258-1153, via e-mail to ashlea.boyle@kerrvilletx.gov or visit the city’s website at www.kerrvilletx.gov.