City of San Angelo Financial Audit Again Earns Kudos

The City of San Angelo’s Finance Department has earned the Certificate of Achievement for Excellence in Financial Reporting for its 2015 comprehensive annual financial report from the Government Finance Officers Association of the United States and Canada.

The award is the highest form of recognition in governmental accounting and financial reporting, and its attainment “represents a significant accomplishment by a government and its management,” the GFOA said in a letter to the City. This is the third straight year the Finance Department has earned the award.

The City’s comprehensive annual financial report – or CAFR – is the annual financial audit of the City conducted by external auditors and approved by the City Council. The CAFR for the fiscal year that ended Sept. 30, 2015, demonstrates “a constructive spirit of full disclosure to clearly communicate its financial story,” the GFOA said.

“The Finance Department works diligently to ensure the tax dollars the City of San Angelo is entrusted with are managed with great efficiency, maximum effectiveness and complete transparency,” Finance Director Tina Dierschke said. “A thorough review of City finances and the production of a top-notch financial report are critical components to achieving that. This award indicates we’ve accomplished that mission.”

The 2015 CAFR, along with that of prior years, can be read at cosatx.us/finance.

The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals across North America.

The City Council will recognize the honor at its Oct. 4 meeting.