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The original item was published from 3/2/2023 9:59:00 AM to 7/1/2023 12:00:04 AM.

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Posted on: March 2, 2023

[ARCHIVED] City awarded Certificate of Achievement for Excellence in Financial Reporting

GFOA Award

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to City of Beavercreek’s Finance Department for its annual comprehensive financial report for the fiscal year ended December 31, 2021. This is the 30th year the city’s finance department has been awarded this distinction. 

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. 

“This award recognizes the city’s commitment to being good stewards of taxpayer dollars,” said Pete Landrum, city manager. “It is testament to the hard work and dedication of the city’s finance department where staff’s top priority is managing the city’s finances responsibly and transparently.”

The 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 clearly communicate its financial story and motivate potential users and user groups to read the report.

In addition to this award, the City of Beavercreek was presented the “Ohio Auditor of State Award with Distinction” for the city’s Annual Comprehensive Financial Report, fiscal year ending 2021. 

The state auditor’s office audits nearly 6,000 entities each year and only 3 percent are eligible for this award. In order to be eligible, the city must have a clean report, with no significant deficiencies or findings, no material citations or weaknesses, no single audit findings (grant reporting), and no questionable costs.

Both distinctions demonstrate the city’s diligence in maintaining outstanding stewardship of residents’ taxes and its continual goal in reporting these results according to the highest government accounting standards now and in the future.