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Eustis, FL –
The City of Eustis
and the Eustis Finance Department was recently awarded the Certificate of
Achievement for Excellence in Financial Reporting with the 9/30/2010
Comprehensive Annual Financial Report (CAFR). This award is given by the
Government Finance Officers Association of the United States and Canada and was
judged by an impartial panel to meet the high standards of the program including
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 receipt of this
recognition demonstrates the professionalism of the City's Finance Department
and displays a high level commitment by the City to position itself to even be
able to compete for the recognition. 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 management.
It sends a message
of fiscal stability and responsibility to the financial community that deals
with the City. This recognition has significant effects on banking relationships
and debt issuance.
A tremendous amount
of work is extended for a local government to become eligible to compete for
this recognition. It also requires a great deal of ongoing effort and dedication
for the City of Eustis to annually sustain the certification as it has for the
past twenty-three (23) consecutive years.
Eustis Finance
Director Jim Myers stated “even though we have been able to sustain this award
for twenty three consecutive years, it continues to be a major challenge and
accomplishment. Financial reporting requirements increase each and every year
and with the employee reductions that we have seen and the increased
responsibilities that the remaining employees have had to take on, it clearly
demonstrates the professionalism and commitment of our employees in the Finance
Department and throughout the City of Eustis”.
A formal
presentation of this award will be made to the Eustis City Commission at a
regular meeting in the near future. The 9/30/2010 CAFR is available and can be
viewed at the City of Eustis website under the
Financial Information
section.
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