Aurora Finance Team Earns National Awards

Daily Herald (Arlington Heights, IL), January 31, 2017 | Go to article overview

Aurora Finance Team Earns National Awards


Byline: Submitted by City of Aurora

For the 18th consecutive year, the city of Aurora has been recognized for its high standards in financial reporting. And this year, those accolades include recognition of the city's dedication to making transparent, easy-to-read financial reports widely available to residents.

"This is just absolutely thrilling for us to be able to have this kind of recognition for the substantive, wonderful work that is done," said Mayor Robert J. O'Connor. "Thank you and congratulations to our CFO and city treasurer Dr. Brian Caputo, and all of the staff in the finance department, on a job well done."

The city of Aurora was recognized with three awards from the Government Finance Officers Association on Jan. 10, 2017, at a meeting of the city council:

* The Certificate of Achievement for Excellence in Financial Reporting is the highest form of recognition in the area of government accounting and financial reporting. The award recognizes governments for going above and beyond Generally Accepted Accounting Principles to meet a much higher standard for what and how they report on their finances. Only about 5 percent of governments in the United States earn this award each year. This marks the 18th consecutive time that the City of Aurora has received this award.

* The Distinguished Budget Presentation Award recognizes budgets of the highest quality as an important indicator of a government's commitment to accountability. Fewer than 1 percent of governments earn this award each year, and this is the 17th consecutive year that the City of Aurora has been recognized for its budgets. …

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