Wake Forest earns 32nd consecutive financial reporting award for annual comprehensive financial report
For the 32nd straight 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 Comprehensive Annual Financial Report. This year’s award is for the period ended June 30, 2021.
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 Chief Financial Officer Aileen J. Staples whose staff was responsible for preparing the award-winning report.
The Comprehensive Annual Financial Report is one of several the Town produces to promote 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 Assistant Finance Director Samantha Sanchez at [email protected].