The Government Finance Officers Association of the United States and Canada (GFOA) recently awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Brentwood for its comprehensive annual financial report (CAFR) for the year which ended June 30, 2018. This was the thirty-third consecutive year (fiscal years ended 1986-2018) that the government has achieved this award. The Certificate of Achievement is a prestigious national award that recognizes conformance with the highest standards for preparation of a state and local government financial report.
In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. The CAFR must satisfy both generally accepted accounting principles and applicable legal requirements.
City Manager Kirk Bednar acknowledged that while this award has become somewhat routine, it is no less an achievement this year, than in the many years past. “There is a significant amount of work that occurs day in and day out by the Finance Department that makes this award possible,” Bednar said. “Ironically, the award for FY 2018 came just as the department geared up for the auditors to work on the next financial document.
City Mayor Rhea Little told the crowd of residents and staff at the September 9, regular City Commission meeting, that “our finance team seems to win every year. I think Karen and Richard are the ‘Belichick and Brady of the finance world,’” which prompted laughter in the room for the humorous comparison to the NFL New England Patriots team that holds the record for most Super Bowl appearances (nine) and wins (six) by a head coach–quarterback (Tom Brady) and the NFL’s longest-tenured active head coach, Bill Belichick. Richard Parker is the Brentwood Finance Department Director and Karen Harper is the City’s Treasurer.
Brentwood City Commissioner Mark Gorman said “Richard and Karen, good work! We appreciate your help in keeping us in line from a fiscal discipline perspective. That is the cornerstone for financial success.”
To learn more about the CAFR program and the Government Finance Officers Association, click here.