HomeMy Public PortalAboutTOL PR 2014-04-21 CAFR Award
Town of Leesburg
News Release
For Immediate Release
Leesburg’s Finance Department Receives Excellence in
Financial Reporting Award for 27th Straight Year
Leesburg, VA (April 21, 2014) – The Government Finance Officers Association (GFOA) has
awarded a Certificate of Achievement for Excellence in Financial Reporting to the Town of
Leesburg for its Fiscal Year 2013 Comprehensive Annual Financial Report (CAFR). Leesburg has
received this award for twenty-six 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 to read the
CAFR.
“The annual budget document usually gets more public attention than the CAFR,” commented
John Wells, Leesburg’s Town Manager. “However, the budget is a plan for the coming year,
while the CAFR demonstrates that we actually did what we said we were going to do with the
taxpayers’ money. Leesburg residents and taxpayers should know that this achievement puts
Leesburg in the top tier of communities across the country, in terms of financial management.”
The Government Finance Officers Association is a non-profit professional association serving
over 17,600 government finance professionals throughout North America.
Contact:
Norm Butts
Finance Director
nbutts@leesburgva.gov
703-771-2720
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