DERRY — The town once again has earned honors for its financial and accounting practices.
The Government Finance Officers Association of the United States and Canada awarded Derry a Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report, the CAFR, for fiscal year ending June 30, 2013.
The certificate is the highest form of recognition in the area of government accounting and financial reporting.
Receiving the honor is a significant accomplishment by a government and its management team, town officials said.
“The town is proud to have again received this prestigious award for the 16th in a row, recognizing the town for excellence in financial reporting to its citizens,” acting Town Administrator Larry Budreau said. “This independent, impartial panel review of our report insures that the town continues to maintain the highest standards of financial reporting.”
Additionally, an Award of Financial Reporting Achievement was awarded to Derry’s Finance Department for preparing the award-winning financial report.
The CAFR report was judged by an impartial panel to make sure it met the high standards of the program, including demonstrating a spirit of full disclosure to clearly report the town’s financial story and motivate potential users to read the report.
Budreau said all staff involved are to be commended for their hard work.
“The compilation of this report involves a significant effort by the town’s Finance Department headed by Chief Financial Officer Frank Childs and Controller Janice Mobsby, along with staff members Mark Fleischer, Bob McCarthy and Katherine Arsenault. They are to be commended for this achievement,” Budreau said.
Staff received the award and were recognized at the Town Council meeting May 6.