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Friday, October 4, 2024

City of Janesville Receives Certificate of Achievement for Financial Reporting

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Paul Benson, Council President | Janesville City website

Paul Benson, Council President | Janesville City website

The City of Janesville has been honored with the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA). This prestigious award was given in recognition of the City's Annual Comprehensive Financial Report for the fiscal year ending December 31, 2022.

City Finance Director Dave Godek expressed his pride in receiving this recognition, stating, "This award validates that the City produces quality financial statements that conform to the professional standards of the Government Finance Officers Association. I am proud of the work that the staff in the Finance Office performs to ensure that the residents of Janesville receive quality financial information about the City."

The Certificate of Achievement program evaluates financial reports based on a set of high standards. The City's 2022 report was judged by an impartial panel and was found to demonstrate a constructive "spirit of full disclosure" in effectively communicating the City's financial story. The report is available for public viewing on the City's website.

City Manager Kevin Lahner emphasized the significance of this achievement, stating, "This recognition demonstrates that the City has been producing quality financial information for our citizens for 30 years, emphasizing our commitment to transparency. I applaud the Finance Office for their achievement."

The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting. It represents a significant accomplishment by a government and its management. The City of Janesville has now received this prestigious award for 30 consecutive years, illustrating the City's consistent commitment to financial excellence.

The City extends its appreciation to the dedicated staff in the Finance Office for their hard work in producing the comprehensive financial report. Their efforts have played a crucial role in ensuring that the City's financial information is accurate, transparent, and easily accessible to the public.

For any further inquiries or questions regarding the City's financial reporting, the Finance Office can be contacted at (608) 755-3037.

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