Cedar Hills Recognized for Financial Reporting Excellence

Jenney Rees, City Council

On March 28, 2014, the Government Finance Officers Association (GFOA) presented the city with both the Distinguished Budget Presentation Award for its budget document, and the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report (CAFR).

According to the GFOA, the certificate “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.” This is the first year that Cedar Hills has received the Certificate of Achievement and the 12^th  year to receive the Distinguished Budget Presentation Award. The CAFR was judged by an impartial panel to meet the high standards of GFOA’s 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 financial report. 

We wish to thank Finance Director Charl Louw and the entire financial team for performing all of the work required to obtain this prestigious award. We are fortunate to have excellent people working for the city and are happy they are being recognized for their hard work and dedication. 

As the person responsible for preparing the award-winning CAFR, Mr. Louw will be recognized in the May 6 City Council meeting, which will be held at the Cedar Hills Community Recreation Center, 10640 N. Clubhouse Drive, at 7:00pm.

The Government Finance Officers Association is a nonprofit professional association serving over 17,500 government finance professionals throughout North America.