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Finance Department

Posted on: April 11, 2019

[ARCHIVED] Village of Romeoville Wins 5th Consecutive Financial Reporting Award

Financial Reporting

For the 5th straight year, the Village of Romeoville has been recognized with the Government Finance Officers Association of the U.S. and Canada (GFOA) Certificate of Achievement for Excellence in Financial Reporting for its 2018 comprehensive annual financial report (CAFR).

“Transparency is extremely important in today’s world,” began Mayor John Noak. “We’re very proud that our financial reporting has been recognized five years in a row as being award winning.”

The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting and its attainment represents a significant accomplishment by a government and its management.

The Romeoville annual report was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to fully communicate its financial story.

The Government Finance Officers Association is a nonprofit professional association serving nearly 19,000 government finance professionals throughout North America. The GFOA’s Certificate of Achievement for Excellence in Financial Reporting is the only national awards program in governmental financial reporting.

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