Fiscal Note
No expenditure is required.
Title
Commending the Comptroller's Office for attaining a GFOA Certificate of Achievement for Excellence in Financial Reporting.
Body
WHEREAS, the Government Finance Officers Association of the United States and Canada (GFOA) has awarded its Certificate of Achievement for Excellence in Financial Reporting to the City of Madison Comptroller's Office for the City's 2008 Comprehensive Annual Financial Report (CAFR); and
WHEREAS, the GFOA 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; and
WHEREAS, this designation is viewed in the eyes of the municipal finance community as an indication of sound and capable financial management; and
WHEREAS, the City of Madison's 2008 Comprehensive Annual Financial Report has been judged by an impartial panel to meet the high standards of the GFOA award program, including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story;
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and Common Council congratulate the City of Madison Comptroller's Office staff who have worked diligently to achieve the high financial reporting standards necessary to receive this distinction.