Oakland County Wins Financial Reporting Award

Oakland County has won the Award of Excellence for its Popular Annual Financial Report (PAFR) from the Government Finance Officers Association of the United States and Canada (GFOA) for 18 years running. The PAFR summarizes for taxpayers how the county spends their money. It is one of the ways County Executive L. Brooks Patterson’s administration works to make county government more transparent and accessible to residents.

“Excellence is a part of everything we do as a county government,” Patterson said. “In this case, our Fiscal Services Division has done outstanding work to make the county more transparent to our residents.”

The GFOA gives the PAFR award based on reader appeal, understandability, creativity, and overall quality and usefulness of the report, among others. The GFOA established it to encourage local governments to produce a high quality PAFR based on their comprehensive annual financial report (CAFR) for individuals without a background in public finance.

The PAFR award follows Oakland County’s Award of Excellence for its Comprehensive Annual Financial Report (CAFR) which it won last month for the 24th year in a row from the GFOA.

“The commitment to excellence by the Fiscal Services staff is evident in the fact that we have won both awards numerous years in a row,” said Lynn Sonkiss, fiscal services division manager. “Our fiscal services team is among the best in the nation.”

To view the Fiscal 2014 PAFR, go to www.OakGov.com/fiscal, click on “Information & Publications” then “Oakland County 2014 Financial Summary.”

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