GFOA Awards County Certificate of Achievement
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded Will County with the Certificate of Achievement for Excellence in Financial Reporting for its 2017 Comprehensive Annual Financial Report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting and represents a significant accomplishment by Will County and its management.
“I am very proud of our Finance Director Karen Hennessy and her staff for their commitment and diligence in overseeing the day-to-day financial operations of Will County government,” said County Executive Larry Walsh. “I am proud that each year Will County is able to operate with a balanced budget, while providing quality services for our residents.”
Will County submitted its 2017 CAFR that then was judged by an impartial panel based upon the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” and clearly communicating its financial story. This is the 17th year the county has received this award.
“Will County consistently has maintained a AA+ bond rating, which is directly related to our strong financial management and stewardship of county funds,” Walsh said. “This favorable rating helps the county secure competitive bond rates to fund our large scale projects, including the public safety complex, county courthouse, and the new health department. I am proud Will County remains fiscally responsible.”
The county has received the GFOA Certificate of Achievement for Excellence in Financial Reporting every year, beginning with the statements for fiscal year 2001. Prior to moving the day-to-day accounting and the financial statement preparation up to the finance department in the county executive’s office, the auditor’s office was responsible for those functions and received the award on behalf of the county. The first year the financial statements were prepared in the finance department under the County Executive was for fiscal year 2009.