The Government Finance Officers Association (GFOA) awarded the City of Montgomery a Certificate of Achievement for Excellence in Financial Reporting for its fiscal year 2018 Comprehensive Annual Financial Report (CAFR).
The Certificate of Achievement for Excellence in Financial Reporting is the highest form of recognition in the area of governmental accounting and financial reporting. Attaining the award represents a significant accomplishment by a governmental jurisdiction and its management.
“I commend the efforts of City Council members and staff to account for the tax dollars we receive and demonstrate sound financial reporting of expenditures. Their diligence in accounting for every dollar that passes through the City earned this recognition,” said City Manager Brian Riblet.
“Our exceptional finance department works diligently to simultaneously deliver outstanding customer value to our residents and provide sound financial planning, strategy, and performance. I am so proud of this team for continually delivering quality outcomes and producing superior results,” noted Finance Director Katie Smiddy.
The CAFR was judged by an impartial panel to meet the high standards of the program by demonstrating full disclosure, clearly communicating the organization’s financial story, and motivating the public to read the document.