Oakland County Wins National Financial Reporting Award

The Government Finance Officers Association of the United States and Canada (GFOA) has given Oakland County top honors for fiscal reporting for the 24th year in a row. GFOA bestowed the Certificate of Achievement for Excellence in Financial Reporting upon Oakland County for its Fiscal Year 2014 Comprehensive Annual Financial Report (CAFR).

The CAFR discloses the county’s finances in full detail to anyone who wants to review them, particularly those who seek to invest in Oakland County.

“Winning the CAFR award 24 years in a row represents a commitment to excellence by the county’s entire Fiscal Services Division,” said Oakland County Executive L. Brooks Patterson. “Kudos to them for a job well done.”

Fiscal Services Manager Lynn Sonkiss agrees.

“Fiscal Services staff put in considerable effort to compile our CAFR every year. I am very proud of this recognition for our division,” Sonkiss said.

The GFOA awards the Certificate of Achievement for Excellence in Financial Reporting to governments “to encourage and assist (them) to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.”

To view the fiscal 2014 CAFR, go to www.OakGov.com/Fiscal, click on “Information & Publications,” and scroll down to “Oakland County 2014 Comprehensive Annual Financial Report.”

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