The City of Carmel has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for the city’s comprehensive annual financial report for the fiscal year ending Dec. 31, 2019.
In a news release issued in April, the Chicago-based association said the Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.
Brainard
“These are complicated times as we emerge from a year of pandemic closures and restrictions, and I know our City Controller’s office has been working hard to stay on top of managing our finances and carefully accounting for multiple budgets and many complicated funding and revenue streams,” Mayor Jim Brainard said. “I congratulate Ann Bingman and her staff for doing this task and diligently caring for taxpayers’ money, investing wisely and keeping our residents informed.”
In addition, Brainard expressed his gratitude for many others who played a part in achieving this honor, including the Carmel City Council, Executive Department Directors and longtime financial consultant Curt Coonrod and his staff – who worked in collaboration to ensure excellence in the city’s financial reporting.
Carmel City Controller Ann Bingman said the honor should give residents of Carmel a level of comfort and assurance that the city has a strong financial reporting system in place, one that passes the scrutiny of both a State Board of Accounts audit and the prestigious Certificate of Achievement process.