The Village of Algonquin, IL

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Algonquin Receives Award for Comprehensive Annual Financial Report

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 fifteenth year in a row in which the Village has been awarded this distinction.  Algonquin is one of 152 municipalities in Illinois to receive this recognition.

“Our finance team works hard all year long to ensure that our financial reporting is not only accurate and transparent, but easy to follow and understand,” stated John Schmitt, Village President.  “This award is a best in class recognition for government finance and is a great accomplishment for Algonquin."

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 2017 - 2018 is available online at

Associated Documents