Citizens For A Better Norwood

Wednesday, March 10, 2010

And the award for Excellence in Financial Reporting goes to…

City Auditor Jim Stith

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of achievement for Excellence in Financial Reporting to the City of Norwood for its comprehensive annual financial report (CAFR). The Certificate of Achievement 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. The GFOA, a nonprofit professional association serving approximately 17,500 government finance professionals, presented the award to City Auditor Jim Stith because his department is designated by the government as primarily responsible for preparing the award-winning CAFR.

Regular readers will recall this 2/26/10 blog in which we reported the Auditor of State had approved the 165-page 2008 CAFR, the first to be published since 2003. Mr. Stith told us, “Producing the 2008 CAFR required a complete overhaul of our accounting system and was made possible by the hard work of our Deputy Auditor Marcus Patterson.”

Congratulations to our hardworking, dedicated City Auditor and his Deputy Auditor Marcus Patterson for bringing home this piece of gold to our city!