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Smithfield, RI – The Town of Smithfield has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report (CAFR) for the year ended June 30, 2018. 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 team.
“We are honored to receive this esteemed award for the 11th consecutive year, and it truly reflects the hard work and dedication that the Town staff demonstrate every day,” said Randy Rossi, Town Manager. “This certificate expresses the Town’s commitment to the highest standards and transparency in the delivery of financial information to the public.”
The CAFR has been judged by an impartial panel to meet the high standards of 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 Government Finance Officers Association (GFOA), founded in 1906, represents more than 20,000 public finance officials throughout the United States and Canada. The association’s members are federal, state/provincial, and local officials deeply involved in planning, financing, and implementing thousands of governmental operations in their jurisdictions. The organization provides best practice guidance, training programs, publications, research, and recognition programs of those responsible for government finance policy and management.