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City of Bloomington and Controller Receive Certificate of Achievement Award
FOR IMMEDIATE RELEASE
April 5, 2010
For additional information: Jared Schlemmer, Assistant Deputy Mayor, City of Bloomington, 349.3406, [mailto:schlemmj@bloomington.in.gov]
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 the City of Bloomington and its management.
City Controller Michael Trexler received an Award of Financial Reporting Achievement as the primary person responsible for preparing the award-winning Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended December 31, 2008. An award-winning CAFR demonstrates an organization's constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users to read the CAFR.
"One of my goals has been to maintain a financially sound, efficient and effective government so all the City's resources are allocated in the most responsible manner and our taxpayer money is well spent," Kruzan said. "I appreciate all the efforts Mike and the entire Controller's Office staff make every day to keep the City's financials on track and strong and am proud of their exceptional work on the City's financial report."
With the receipt of the award, bond-rating agencies will consider this achievement when analyzing the credit rating of a government entity. As a result when interest rates are set, the receipt of a CAFR award can save money by keeping bond interest rates low, which benefits city of Bloomington residents.
For additional information about the City's financial report, contact the City of Bloomington Office of the Controller at 349-3412.
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For additional information: Jared Schlemmer, Assistant Deputy Mayor, City of Bloomington, 349.3406, [mailto:schlemmj@bloomington.in.gov]
Bloomington, IN -- Mayor Mark Kruzan announced today that the City of Bloomington once again has been awarded The Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA).
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 the City of Bloomington and its management.
City Controller Michael Trexler received an Award of Financial Reporting Achievement as the primary person responsible for preparing the award-winning Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended December 31, 2008. An award-winning CAFR demonstrates an organization's constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users to read the CAFR.
"One of my goals has been to maintain a financially sound, efficient and effective government so all the City's resources are allocated in the most responsible manner and our taxpayer money is well spent," Kruzan said. "I appreciate all the efforts Mike and the entire Controller's Office staff make every day to keep the City's financials on track and strong and am proud of their exceptional work on the City's financial report."
With the receipt of the award, bond-rating agencies will consider this achievement when analyzing the credit rating of a government entity. As a result when interest rates are set, the receipt of a CAFR award can save money by keeping bond interest rates low, which benefits city of Bloomington residents.
For additional information about the City's financial report, contact the City of Bloomington Office of the Controller at 349-3412.
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