City of Round Rock earns award for financial reporting

The City of Round Rock was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) for its most recent comprehensive annual financial report (CAFR).

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,” according to the GFOA.

The 190-page CAFR provides an overview and analysis of the City’s revenues and expenditures for the previous fiscal year and demonstrates the City’s commitment to stewardship and accountability with public funds. State law and city charter require audited financial statements each year, and this award indicates that City has met a higher standard to provide a more comprehensive look at Round Rock’s financial condition, funds, compliance and statistical information.

The CAFR was judged by an impartial panel to meet the high standards of the GFOA’s 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 CAFR.

The GFOA is a major professional association serving more than 19,000 government finance professionals and officials throughout North America.

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Source: City of Round Rock