A press release from McHenry County:
McHenry County Receives Two Financial Reporting Awards
McHenry County has been recognized with a Certificate of Achievement for Excellence in Financial Reporting.
The award is for the County’s comprehensive annual financial report (CAFR) for the fiscal year ended November 30, 2014.
This is the 17th consecutive year that the Government Finance Officers Association of the United States and Canada (GFOA) has recognized the County.
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.
In addition, the County has received the Award for Outstanding Achievement in Popular Annual Financial Reporting from the GFOA for its Popular Annual Financial Report (PAFR) for the fiscal year ended November 30, 2014.
This represents the 7th consecutive year for receipt of the award.
In order to be awarded this certificate, a government unit must publish a PAFR, the contents of which conform to program standards of creativity, presentation, understandability, and reader appeal.
The PAFR is a brief summary of the CAFR and is designed to increase knowledge of the McHenry County government’s financial condition.
The County Auditor’s Office is primarily responsible for preparing the CAFR and PAFR.
“These awards provide accountability and transparency to the citizens of McHenry County, as well as all others interested in the financial operations of the County.
“Receiving consecutive years of these awards reflects the high standards of financial reporting and controls that exist in the County.
“I would like to recognize the valuable work done by the entire Auditor’s Office staff, particularly Financial Reporting Manager James Bernier’s contributions.
“I am fortunate to have such a dedicated team,” said McHenry County Auditor Pam Palmer.
These two awards have 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 reports.
Both certificates are valid for a period of one year only.
Financial reports can be viewed under the Auditor’s page of the County’s website www.co.mchenry.il.us/county-government/departments-a-i/auditor.
The GFOA is a nonprofit professional association serving approximately 17,500 finance professionals with offices in Chicago, IL, and Washington, D.C.