Loading...
HomeMy WebLinkAbout1998-09-28 98-391 RESOLVECOMCIL ACTION Dates 9-28-98 item No 98-391 em/8ubject FFSOLvE recognizing the Finance Department for excellence in financial reporting. Responsible Department: Finance Commentary: The attached resolve recognizes the City's Finance Department for having earned the Certificate of Achievement for Excellence in Financial Reporting and the Award of Financial Reporting Achievement for Ne City's Comprehensive Annual Financial Report for the Fiscal Year Ended Ewe 30, 1997. With this, the City joins seven other governments within tie State that have earned this award from the Government Finance Officers Association of the United States and Canada. In actrowledging receipt of this award, it is important to extend my personal thanks to Debbie Cyr and David Little for their invaluable work in producing Chia t our first Comprehensive Actual Financial ReporI would flak the Council to also recognize their respective, and ongoing contributions to improving the City's financial performance and its reporting mechanisms. mould also like to thank the Council for allowing us the opportunity to produce this doCument. your having approved our recommendation last year with respect to the choice of auditors was instrumental in letting us take the ext step' in more fully developing the City'S capabilities in the area of finance. Manager's Camments: CITY MANAGES Budget Approvals FINANCE DIRECTOR Legal Approval: CITY 30LICITOR Introduced For A Passage _ ei ReadingPage-of— Referral to Finance Committee 98-391 Assigned to Councilor Tyler September 28, 1998 CITY OF BANGOR ... Recognizing the City's Flnance Department Far ItEffo...rla In (TITLE.)¢DDIU¢......................_...._............._..._.._..._..._........_..._...._...._s .............._........_ Achieving Excellence in Financial ReporDrg By the C% Combined 0W ant of Bonier: RBBDLYBD. WHEREAS, providing complete, accurate, and understandable financial information is essential to support the confideace of the public, financial institutions, and investors in the City of Bangor; and WHEREAS, staff and Council established a good! to, improve the City's Annual Financial Report for the year ending lune 30, 1997; and V✓HEREAS, staff ofthe Finance Depm4nent prepared a Comprehensive Annual Financial Report for Fiscal Year 1997 which significantly expanded [he information provided and met the standards established by the Govandeent Finance Officers Association; and WHEREAS, this Association has recognized these efforts by presenting the DepaNnrnt its Award of Financial Reporting Achievement --the highest award in governmental financial reporting; and WHEREAS, with this award, the City ofBangorjoins only seven other governments in Maine which have Semetl this award; NOW, THEREPORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE C1TY OF BANGOR, THAT: the employees of the Finance Department are hereby recognized for then efforts in earning the Cardinale ofAchievemmt for Excellence iv Financial Reporting awarded by the: Government Finance Officers Association for the City's Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 1997. The efforts of these employees and other City staffwho work with them have provided improvedmformation to our citizens and the financial commonalty and reinforced the City's reputation for professional financial management. IN CITY COUNCIL September 28, 1998 Passed /j I Ir r C1TYlCLERK 98-391 N E 5 0 L V E Recognizing the City's Finance Depart- nt for its Efforts in Achieving Excel- lence in Financial Repoting Mie C.nvemment Finnnre Offirera Asanrintinn of the United States and Canada presents this AWARD OF FINANCIAL REPORTING ACHIEVEMENT to: Finance Department City of Bangor, Maine She Award of Financial Reporting Achievonew is presented by the Government Ftname 0f/IanAsso<ia[iomothou LAlvtduals whohaveheen nnmrmenml in their gover anent unit whievin$a[ertifmle ofAahievementfor Excellence is Financial R rrningA nit iusEvuJAuhlevemenas Prcsemed m<Aosegrernment loins whos ualfna Bial reports mejudged to adhere m program standarerrnd represents the Fighes awmd m yncernmemfinannal rep�nmg Dom Avguet 28, 1998 11 GOVERNMENT FINANCE 0MCERSASSDCIAMON 180 Natt ME Avenue,BuReSU. GkaW.116mi6N01 312/BJ]-9J0]. Fax 812/877480e August 28, 1998 The Honorable Timothy C. Woodcock Mayor City of Bangor 73 Harlow Street Bangor, Maine 04401 Dear Mayor Woodcock: We are pleased to notify you that your comprehensive annual finan- cial report for the fiscal year ended June 30, 1997 qualifies for a Certificate of Achievement for Excellence in Financial Reporting. 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. When a Certificate of Achievement is awarded to a government, a Award of Financial Reporting Achievement is also presented to the individual designated by the government as primarily responsible for its having earned the certificate. Enclosed is an Award of Financial Reporting Achievement for: Finance Department. The Certificate of Achievement plaque will be shipped under sepa- rate cover in about eight weeks. We hope that you will arrange for a formal presentation of the Certificate and Award of Financial Reporting Achievement, and that appropriate publicity will be given to this notable achievement. To assist with this, a sample news release and the 1997 Certificate Program results are enclosed. We hope that your example will encourage other government offi- cials in their efforts to achieve and maintain an appropriate standard of excellence in financial reporting. Sincerely, GOVERNMENT —OOFFFFFI'CEERRS ASSOCIATION S epE h!n S. "Gauthier Director/Technical Services Center SJG/kas Enclosures WASHINGTONOFFICE 1JSOK 6vea[N.W.8uhe9W.WeaMnpm OCSNCB 202142H27aC-Fax: 20214292155