Wauwatosa Recognized For Excellence In Financial Reporting

Press release from the City of Wauwatosa:

April 30, 2021

Each year, the Finance Department releases a Comprehensive Annual Financial Report which presents a detailed overview of the City’s finances to the public. The Government Finance Officer’s Association (GFOA) has awarded the City of Wauwatosa with its highest honor, the Certificate of Achievement for Excellence in Financial Reporting, for the eighth consecutive year. This award recognizes the highest standards in financial reporting for the Annual Financial Report covering the year that ended December 31, 2019.

What does the Certificate of Achievement Recognize?

The Certificate of Achievement, the highest form of recognition in governmental accounting and financial reporting, is awarded to financial reports that embrace the “spirit of full disclosure” and go above and beyond the minimum requirements of financial reporting. It recognizes reports that clearly communicate the government’s financial story and motivate people to read the report through quality of presentation. Readers of the report have the tools and information to assess the financial health of the government themselves because the information is presented in a transparent and thoughtful manner.

Award of Financial Reporting Achievement

In recognition of the City’s receipt of the Certificate of Achievement, the GFOA has also presented an Award of Financial Reporting Achievement to the Finance Department and John Ruggini, Finance Director. This award recognizes the hard work and dedication that goes into preparing comprehensive financial reports in the spirit of full transparency. Congratulations to John and all of Wauwatosa’s Finance Department.

Financial Reporting and the GFOA

In addition to the comprehensive annual reports, Wauwatosa presents Financial Snapshots to keep the public informed of the highlights of the City’s finances. You can find official statements and reports on the Finance Department website, including the award-winning 2019 Financial Audit Report. The GFOA, founded in 1906, represents public finance officials throughout the United States and Canada. Learn more about the Certificate of Achievement award from the GFOA website.

This press release was produced by the City of Wauwatosa. The views expressed here are the author’s own.