White Castle receives award for financial report
The Town of White Castle was recently notified that its comprehensive annual financial report for the fiscal year ending Sept. 30, 2011 qualified for a Certificate of Achievement for
Excellence in Financial Reporting, according to Mayor Jermarr Williams.
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Town of White Castle by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).
An award of Financial Reporting Achievement has been awarded to the individual department or agency designated by the government as primarily responsible for preparing the awards winning CAFR.
The CAFR has been judged by an impartial panel to meet 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 CAFR.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago and Washington, D.C.