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 sixteenth year in a row in which the Village has been awarded this distinction.  Algonquin is one of 159 municipalities in Illinois to receive this recognition.

“The award culminates a year-round process to ensure that the Village is reporting its finances in a transparent and accurate manner, stated John Schmitt, Village President. “Our commitment to fiscal responsibility will be of great help through these difficult and unprecedented times.”

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 2018 - 2019 is available online at www.algonquin.org/finance.