The City of Peachtree Corners’ Finance Department has been awarded a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its 2021 financial year-end comprehensive annual financial report (CAFR).
The Government Finance Officers Association, based in Chicago, is a nonprofit professional association serving approximately 17,500 government finance professionals. With offices in Chicago and Washington, D.C., it serves the member organization by advancing uniform standards and procedures in financial management for governments and assisting with professional development for public finance managers.
The GFOA’s 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. It is the city’s fourth year receiving the award and represents a significant accomplishment by the City’s Finance Department and its leadership.
“We are pleased to again receive this honor,” City Manager Brian Johnson said. “Our finance department and Finance Director Cory Salley are to be commended for this achievement, as it is the highest form of recognition GOFA presents.”
The city’s Finance Department produces the CAFR each year and works with independent auditors to verify the city’s financial situation and standing. The CAFR is 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.
“This is an important award that validates Peachtree Corners’ commitment to go beyond the minimum requirements to prepare comprehensive annual financial reports in the spirit of transparency and full disclosure,” Assistant City Manager Brandon Branham said.