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The original item was published from 12/18/2019 9:52:16 AM to 1/9/2020 12:00:01 AM.

News Flash

A Village News

Posted on: December 19, 2019

[ARCHIVED] Wellington Earns Top Honors for Excellence in Financial Reporting, 23 Years Running

Wellington Aerial showing homes and lake wellington

The Government Finance Officers Association of the United States and Canada (GFOA) awarded the Village of Wellington the Certificate of Achievement for Excellence in Financial Reporting for its 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.

The Award of Financial Reporting Achievement is awarded to the Office of Financial Management and Budget as primarily responsible for preparing the award-winning CAFR. 

The CAFR has been 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 CAFR.

This year’s Certificate of Achievement for Excellence in Financial Reporting is the 23rd continuously earned.    This accolade reflects Wellington’s commitment to meeting the highest principles and best practices in governmental accounting and reporting.

The Government Finance Officers Association is a major professional association serving nearly 19,000 appointed and elected local, state and other finance practitioners.  It provides top-quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. 

The CAFR, along with all financial reports, including the Budget, external audit reports, and PAFR’s, are available upon request from Wellington.

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