Monday, July 22, 2013

Durham Finance Department Earns National Reporting Honor

Thanks to a recent award for outstanding achievement in government reporting, the City of Durham is the only municipality in North Carolina to have received this year’s prestigious Government Finance Officers Association Award for Excellence in Popular Annual Financial Reporting.

The Citizens’ Financial Report has been recognized for the ninth consecutive year for outstanding achievement by the Government Finance Officers Association of the United States and Canada (GFOA). Durham is also the only city in North Carolina that currently holds all three national awards for its Budget document, Comprehensive Annual Finance Report, and the Popular Annual Financial Report from the GFOA.

The Citizens’ Financial Report is an annual publication providing an overview of the City’s financial condition and summary of the City’s progress during the previous fiscal year. This year’s award is for Outstanding Achievement in Popular Annual Financial Reporting for the fiscal year that ended June 30, 2012.
This national award recognizes the highest standards for preparation of state and local government financial reports. In order to receive this award, the City’s Finance Department had to publish a report whose contents had to conform to program standards of creativity, presentation, understandability, and reader appeal.

“The report is an easy read which is a good indicator of the amount of effort that has gone into preparing it,” said David Boyd, director of the City’s Finance Department. “The aim of the report is to help keep City government transparent and accountable, and I encourage all residents to read the report and visit the City’s Strategic Plan website to learn more about how we’re successfully achieving our goal of being a well-managed city.”

A copy of the Citizens’ Financial Report is on the City’s website. For more information about the City’s Strategic Plan, click here. For more information about the GFOA, click here.

About the Finance Department
Guided by the City’s Strategic Plan, the Finance Department helps to ensure that Durham is a well-managed city that is accountable, transparent, and efficient. The department assists the City Council, City Manager, and City departments with the management of financial resources and activities including debt and cash management, payroll, vendor payment, financial reporting, purchasing, and revenue collection. Finance staff also coordinates risk management activities such as claims administration and employee safety programs. The department is divided into six divisions: the office of the director, accounting services, treasury management, billing and collections, risk management and safety, and purchasing. For more information, click here.

Discover more about Durham by clicking here.

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