City of Gaithersburg Receives Prestigious Financial & Budget Awards

The City of Gaithersburg has received the Certificate of Achievement for Excellence in Financial Reporting for the 45thconsecutive year and the Distinguished Budget Presentation Award for the 22nd consecutive time, both from the Government Finance Officers Association of the United States and Canada (GFOA).

The City’s comprehensive annual financial report for the fiscal year ended June 30, 2022, was 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. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting.

To receive the Distinguished Budget Presentation Award, the City had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity’s budget serves as a policy document, a financial plan, an operations guide, and a communications device.

“We are extremely proud of these significant achievements,” said Janice Hartman, Director of the Department of Finance & Administration. “These awards affirm our dedication and commitment to excellence to prepare an accurate budget and financial report that is easily understandable by all of the City’s stakeholders.”

City Manager Tanisha Briley added “these prestigious awards demonstrate our continued commitment to transparency and excellence in financial reporting and budgeting, and our commitment to providing the highest level of service to our residents. It also reflects the tremendous talent and efforts of the dedicated staff in our Department of Finance and Administration.”

The GFOA is a nonprofit professional association that represents 22,500 government finance professionals throughout North America. For more information contact the Department of Finance & Administration.

Courtesy of the City of Gaithersburg, photo courtesy of @DronifyDMV

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