Mayor's Report

Oct 03

[ARCHIVED] City Receives Back-to-Back Prestigious Financial Reporting Awards

The original item was published from December 19, 2016 1:49 PM to October 3, 2017 9:01 AM

The City recently received the second consecutive Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada for our comprehensive annual financial report (CAFR) for fiscal year 2016 which ended September 30, 2016.  The City received the same award for fiscal year 2015.

The GFOA, which began in 1945 and has offices in Chicago, IL and Washington, D.C., exists to encourage and assist state and local governments to go beyond the minimum requirements of generally-accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure. 

This certificate is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.  There are over 89,000 local governments/districts in the U.S. and less than 5% receive this prestigious award annually.

Transparency and excellent financial reporting are a standard and priority with the City of Southaven and I am proud to acknowledge the outstanding efforts of Edi McIlwain, Director of Finance, Tish Cox, Comptroller, and Chris Wilson, Chief Administrative Officer.  This award speaks highly of these talented people in our Finance Department and is important to the citizens of our city because it exemplifies the highest measure of financial integrity in our operations.