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City of Huntsville wins award for excellence in financial reporting
Award is highest form of recognition in the area of governmental accounting and financial reporting

HUNTSVILLE, AL (November 9, 2009) -- The Certificate of Achievement for Excellence in Financial Reporting has been awarded to City of Huntsville by the Government Finance Officers Association of the United States and Canada (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 by a government and its management.

An Award of Financial Reporting Achievement has been awarded to the individual(s), department or agency designated by the government as primarily responsible for preparing the award-winning CAFR. This has been presented to:

Randy Taylor, Director of Finance for the City of Huntsville

Taylor praised the work of his department regarding the City's most recent first - and latest in a long series of significant financial accomplishments and recognitions.

"The Finance Department devotes significant time and attention to transparent financial reporting that complies with complex accounting standards, and I am proud that our team has been recognized again for its efforts in 2008's report," said Taylor.

The CAFR has been judged by an impartial panel to meet 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.

The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.

EDITOR'S NOTE: the report in question is posted on: http://www.hsvcity.com/finance/finance_reports.php

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