For the 35th consecutive year, the Village of Lombard has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) for its fiscal year 2020 Annual Comprehensive Financial Report (ACFR).
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by the Village.
“Receiving this honor for the 35th consecutive year is a testament to our staff’s hard work and commitment to excellence,” Finance Director Tim Sexton said. “The Finance Department takes great pride in ensuring that the Village’s finances meet the highest level of excellence, accountability and transparency.”
The award recognizes municipalities that meet or exceed national standards for financial reporting. These standards include demonstrating a spirit of full disclosure and motivating potential users to read the report.
To view Lombard’s 2020 Annual Financial Report and other financial reports, visit villageoflombard.org/184/Accounting-Financial-Services.
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945 to encourage state and local government entities to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and to recognize individual governments that succeed in achieving that goal.
The GFOA is a nonprofit professional association serving approximately 19,000 appointed and elected local, state and provincial-level government officials and other finance professionals. To learn more about the GFOA, visit gfoa.org.