Wake Forest earns 34th consecutive financial reporting award for Annual Comprehensive Financial Report
For the 34th consecutive year, the Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the Town of Wake Forest for its Annual Comprehensive Financial Report. This year’s award is for the period ended June 30, 2023. To view the 2023 report, visit wakeforestnc.gov and search “Annual Comprehensive Financial Report.”
The GFOA is a nonprofit professional association serving approximately 21,000 government finance professionals. Its Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by the Town and its management.
An Award of Financial Reporting Achievement was awarded to Finance Director Samantha Sanchez whose staff was responsible for preparing the award-winning report.
The Annual Comprehensive Financial Report is one of several reports the Town produces to promote transparency and accountability. It provides the mayor, board of commissioners, Town staff, citizens, bondholders, and the public with useful information about Wake Forest’s operations and financial position. The document also offers a useful way to assess whether Wake Forest’s elected and appointed officials are faithfully carrying out their role as good stewards of Town resources.
For over three decades, Wake Forest’s award-winning report has been judged by an impartial panel to meet the high standards of the program. It also demonstrates a constructive “spirit of full disclosure” to clearly communicate its financial story and motivates potential users and user groups to read the report. For more information, email Samantha Sanchez at [email protected].