HomeMy Public PortalAboutTOL NR 2020-07-31 CAFR Award
Town of Leesburg
News Release
For Immediate Release
July 31, 2020
Media Contact:
Betsy Arnett, Public Information Officer
barnett@leesburgva.gov 703-771-2734
Town of Leesburg Receives Excellence in Financial Reporting
Award for 33rd Consecutive Year
Leesburg, VA (July 31, 2020) – The Government Finance Officers Association (GFOA) of the
United States and Canada has awarded a Certificate of Achievement for Excellence in Financial
Reporting to the Town of Leesburg for its Fiscal Year 2019 Comprehensive Annual Financial
Report (CAFR). Leesburg has received this award for thirty-three consecutive years.
The GFOA’s Certificate of Achievement is the highest form of recognition in the area of
governmental accounting and financial reporting. Attainment of this award represents a
significant accomplishment by a government organization and its management. In order to
receive the certificate, an impartial panel judged the Town’s CAFR as meeting the high
standards of the GFOA’s program, including demonstrating a constructive “spirit of full
disclosure” to clearly communicate the Town’s financial story and to motivate users t o read the
CAFR.
“After getting the Certificate of Excellence in Financial Reporting award for 3 3 years, it is
tempting to think of it as expected or to take it for granted,” commented Clark Case, the Town’s
Director of Finance and Administrative Services. “It really takes a lot of hard work to win this
certificate each year. It is a real tribute to our Controller, Lisa Stillman, and the entire
accounting and management team that the town continues to perform at this level of
excellence.”
Government Finance Officers Association is a major professional association servicing the needs
of over 20, 000 appointed and elected local, state, and provincial-level government officials and
other finance practitioners. It provides top quality publications, training programs, services, and
products designed to enhance the skills and performance of those responsible for government
finance policy and management. The association is headquartered in Chicago, Illinois, with
offices in Washington, D. C.
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