City of Fayetteville recognized for excellence in financial reporting

By Staff Report, posted Mar 27, 2024 on BizFayetteville.com

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The City of Fayetteville has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA). The City was awarded this recognition on March 13 for its annual comprehensive financial report for Fiscal Year 2022 which ended June 30, 2022. 

“The Finance Department team members worked hard to achieve this goal for the City,” said Jody Picarella, Chief Financial Officer in a press release. “It is something we can all be proud of.”  

According to the GFOA, the Certificate of Achievement for Excellence in Financial Reporting is judged by an impartial panel to meet high program standards which include demonstrating a constructive "spirit of full disclosure." It is awarded to a government that must publish an easily readable and efficiently organized comprehensive annual financial report that satisfies both generally accepted accounting principles and applicable legal requirements.  

GFOA provides its members with best practice information around accounting, auditing, budgeting, capital planning, debt management, financial reporting, pension and benefit administration, and treasury and investment management. To learn more about the GFOA, please visit their website at gfoa.org/. 

For more information about the City of Fayetteville’s Finance Department, visit them at www.fayettevillenc.gov/finanace.   

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