The City of Salisbury’s finance department has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for the fiscal year ended June 30, 2020. The Certificate of Achievement for the city’s comprehensive annual financial report (CAFR) is the highest form of recognition in the area of governmental accounting and financial reporting.
“The City of Salisbury is honored to have received recognition from the Government Finance Officers Association for the quality of our annual financial report,” said City Manager W. Lane Bailey. “I’m proud of the dedication and great job our finance team has done with our budget. This award showcases the City’s continuous efforts to meet the highest principles of governmental budgeting and to provide transparent, valuable information to our residents.”
“We are pleased to hear that we once again received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association,” said Finance Director Wade Furches. “This award reflects the commitment of City management and staff to follow general accepted accounting principles and work to keep expenditures within the adopted budget parameters. Every member of the Finance Staff has a hand in putting this report together and their hard work is displayed by receiving this award.”
The City of Salisbury has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read its CAFR.
For more information on the awards and GFOA, visit www.gfoa.org/cafr.