New Hope Recognized for Financial Reporting

New Hope Recognized for Financial Reporting
Posted on 01/16/2019
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the city of New Hope with the Certificate of Achievement for Excellence in Financial Reporting for the city’s comprehensive annual financial report (CAFR) submitted for fiscal year 2017.

According to the GFOA, 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 Award of Financial Reporting Achievement was awarded to New Hope’s Financial Department by the GFOA for being primarily responsible for the award-winning CAFR. City staff presented to the award to City Council at the January 14 city council meeting.

New Hope’s CAFR 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 to read the CAFR.

“Our staff is proud to receive this award. It demonstrates the city’s ongoing efforts of full transparency with the public,” New Hope City Manager Kirk McDonald said.