NEWTON, N.C. (July 12, 2017) – For the 32nd consecutive year, the city of Newton has been awarded the prestigious Certificate of Achievement for Excellence in Financial Reporting.
The Newton Finance Department was presented with the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for the city’s comprehensive annual financial report (CAFR) for fiscal year 2016. The certificate is the highest form of recognition in the areas of governmental accounting and financial reporting. Attainment of the certificate represents a significant accomplishment by a government and its management, according to GFOA.
Members of the Finance Department were honored for winning the award at the July 11 Newton City Council meeting.
“The men and women who make up the Newton Finance Department demonstrate year after year that they are dedicated to the highest standards of accounting and financial reporting,” Newton Mayor Anne P. Stedman said. “They work every day to ensure that the city’s finances are in order, which is truly an asset to the people and businesses that call Newton home. I would like to congratulate our finance staff and thank them for working hard to earn this award for a remarkable 32 consecutive years.”
“This honorable recognition from the GFOA reflects our commitment to fiscal integrity and demonstrates transparency of financial information that is above and beyond what is required by Generally Accepted Accounting Principles. This accountability improves the city’s position when working with bond rating agencies and financial institutions,” Newton Finance Department Director Serina Hinson said.
The GFOA established the certificate program in 1945 to encourage and assist governments to go beyond the minimum requirements of generally accepted accounting principles. Newton’s comprehensive annual financial reports are evidence of the city’s spirit of transparency and dedication to full disclosure.
An impartial panel awards the certificate after determining that a government meets the GFOA’s high standards and demonstrates a constructive spirit of full disclosure to clearly communicate its financial story and motivate people to read its annual financial report.
The GFOA is a nonprofit professional association that serves about 19,000 government finance professionals throughout North America.
Members of the Newton Finance Department pictured above include, from left, Edward Epley, Ronald Ingram, Director Serina Hinson, Jessica Kanipe, and Crystal Watson. Newton Mayor Anne P. Stedman is at right. Finance Department staff not pictured include Jackie Barlow, Tammy Bentley, Laura Hodges, Beverly Ruppert, Kathy Starnes, and Julie Wright.