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Algonquin Receives Award for Financial Reporting
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Village of Algonquin 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.
This is the thirteenth year in a row in which the Village has been awarded this distinction. Algonquin is one of 148 municipalities in Illinois to receive this recognition.
“Receiving this prestigious distinction demonstrates the Village staff’s hard work and dedication to sound financial practices and fiscal responsibility,” stated John Schmitt, Village President. “The Village will continue to strive toward these exemplary efforts in the years to come.”
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 Village of Algonquin’s Comprehensive Annual Financial Report for Fiscal Year 2015-2016 is available online.
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