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Local

St. Charles honored for financial reporting

ST. CHARLES – For the 27th consecutive year, the city of St. Charles has received the certificate of achievement for excellence in financial reporting by the Government Finance Officers Association of the United States and Canada, the city announced Thursday.

The honor is the highest form of recognition for governmental accounting and financial reporting.

“When it comes to finances, the city of St. Charles is committed not only to following fiscally prudent policies, but also to maintaining transparency and accountability,” Finance Director Chris Minick said in a news release.

The award is for the city’s comprehensive annual financial report for the year that ended April 30, 2012.

The report offers an overview and analysis of the annual financial activities of the city.

The award denotes the report meets high reporting standards, including demonstrating a spirit of full disclosure to clearly communicate its financial story and motivate potential users and user groups to read it.

“Our financial documents are always available online for anyone to access,” Minick said in the release.

Visit www.stcharlesil.gov to review the comprehensive annual financial report and other financial documents.

The Government Finance Officers Association of the United States and Canada is a nonprofit professional association serving about 17,500 government finance professionals.

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