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The original item was published from 3/4/2020 11:41:00 AM to 3/24/2020 8:55:00 AM.

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Shaker Heights City News

Posted on: March 3, 2020

[ARCHIVED] Shaker Heights Earns Top Recognition for Financial Reporting

GFOA Award logo

The Government Finance Officers Association has awarded the City of Shaker Heights the Certificate of Achievement for Excellence in Financial Reporting. The City earned the recognition for its comprehensive annual financial report (CAFR) for the fiscal year ending December 31, 2018. 

“We work hard to ensure that our annual report meets the highest standards of financial accountability,” noted Director of Finance John Potts. “We’re delighted to receive this recognition of that effort.”

The Certificate of Achievement represents the Government Finance Officers Association’s top honor in the area of government accounting and financial reporting. The judging panel noted that the City’s CAFR “met the high standards for the program, which includes demonstrating a constructive ‘spirit of full disclosure’ to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.” 

The 2018 award marks the 13th straight year the City has earned a Certificate of Achievement.

“The City is committed to transparency at every level of government, but perhaps nowhere more than in our financial management and reporting processes,” said Mayor David E. Weiss. “Kudos to the City’s Finance Department for this ongoing recognition of its outstanding work.” 

The Government Finance Officers Association (GFOA), founded in 1906, represents public finance officials and has more than 20,000 members throughout the United States and Canada.

For more information, contact Finance Director John Potts at 216-491-1423 or johnpotts@shakeronline.com.


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