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
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