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July 17, 2012

Metro’s Finance Division Receives National Honor for Excellence in Financial Reporting

Dianne Williams
Director of Communications
314-982-1440

Metro today announced that its Finance Division was recently presented with a Certificate of Achievement for Excellence in Financial Reporting (CAFR) award from the Government Finance Officers Association of the United States and Canada (GFOA). This year marks the 16th consecutive time Metro’s Finance Division has been the recipient of the award, which recognizes state and local governments who 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.

The CAFR award is the highest form of recognition an entity can garner in governmental accounting and financial reporting. To meet the award guidelines, Metro was required to meet both GFOA standards and requirements, and generally accepted auditing standards set forth by the U.S. Government Accountability Office.

Reports submitted to the CAFR award program are reviewed by selected members of the GFOA professional staff and a GFOA Special Review Committee (SRC), which consists of individuals with expertise in public-sector financial reporting and includes financial statement preparers, independent auditors, academics, and other finance professionals.

“We were delighted to get the news that our Finance Division has once again received a prestigious CAFR award, particularly because it recognizes the high levels of competence and transparency within our organization,” said Metro President and CEO John Nations. “To have earned this award for 16 years is a significant accomplishment and Metro is honored to be among the organizations across the U.S. being recognized for continuing excellence.”

The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, Ill. and Washington, D.C. To learn more about the GFOA’s CAFR award and see a list of recent award recipients, visit www.gfoa.org.

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