Friday, November 18, 2011

Sun Valley financial reporting recognized

City gets kudos from government association


By REBECCA MEANY
Express Staff Writer

The city of Sun Valley has been recognized for financial reporting, indicating that the city is managing its finances as well as the reporting of its financial activity at a high standard.

The Government Finance Officers Association notified the city that Sun Valley received the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report. The national award was presented to City Administrator Sharon Hammer and Treasurer/Finance Manager Michelle Frostenson.

According to a news release issued by the association, the certificate is the highest form of recognition in the area of governmental accounting and financial reporting. It signifies that a municipality demonstrates a "spirit of full disclosure" to clearly communicate its finances.

"We were all working really hard on it," Hammer said.

The city learned of the award last week, though it recognizes reporting for the fiscal 2010-11 budget.

Sun Valley also received the association's Distinguished Budget Presentation award earlier this year for its fiscal 2010-11 budget.

"Government agencies are required to have an independent audit to see if (cities) are doing what they say they're doing," Hammer said. "It's much more rigorous than the budget award. They dig through your financial statements to see if everything is balanced. It's an even more significant accomplishment and is really a feather in the mayor's (Wayne Willich's) cap."

Rebecca Meany: rmeany@mtexpress.com




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