Tuesday, July 05, 2011

Financial Transparency!

For the 4th year in a row, our ace finance team at the Northern Virginia Regional Park Authority has won the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Financial Officers Association. This is the highest award for an excellent Comprehensive Annual Financial Report (CAFR) or audit.

This award come just about a week after getting the news that our Budget also won top honors from GFOA.

Both our audits and our budgets for several years are available on-line at: http://www.nvrpa.org/park/main_site/content/financials

Financial transparency (how easy it is for the public to understand your numbers) is essential for public agencies. If you find a public agency that does not have clear financial documents that can be easily accessed, demand more. It is essential for our economic and political systems to have public agencies with understandable financial documents.

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