The City of Douglas Finance Department has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers of the United States and Canada (GFOA) for its comprehensive annual financial report. 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 award was presented to Charles Davis, Assistant City Manager/Finance Director, at the regular city commission meeting on Monday, August 10. The City of Douglas’ Comprehensive Annual Financial Report (CAFR) was judged by an impartial panel and met high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The Government Finance Officers of the United States and Canada is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.
– Submitted by the City of Douglas