A certificate of achievement for excellence in financial reporting has been awarded to the Village of Wellington by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).
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.
The award is given to an individual, department or agency designated by the government as primarily responsible for preparing the report. In this case, the award went to Wellington’s Office of Financial Management and Budget.
Wellington’s CAFR was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.