(Chicago)–The Certificate of Achievement for Excellence in Financial Reporting has been awarded to Old Bridge Municipal Utilities Authority (OBMUA) by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR) for its Fiscal Year Ended 2016. This is the 13th consecutive year the OBMUA has received this award. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
An Award of Financial Reporting Achievement has been awarded to Michelle Smith, Chief Finance Officer as the person primarily responsible for preparing the award-winning CAFR.
The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstration a constructive “spirit of full disclosure” to clearly communicated its financial story and motivate potential users and user groups to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.