Rochester Hills Earns High Marks for Financial Reporting, Transparency

The Government Finance Officers Association has awarded the City of Rochester Hills with the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report (CAFR) for the fiscal year ending Dec. 31, 2012. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. This marks the 25th consecutive year the City has received the award. 

“This award demonstrates the City’s commitment to go beyond minimum requirements in the spirit of transparency and full disclosure,” Mayor Bryan K. Barnett said.

The Award of Financial Reporting Achievement has been given to the city’s primary employee that is responsible for preparing the award-winning CAFR, in this case it was given to the city accountant, Pamela Lee.

“Compiling the report is an accomplishment in itself, however receiving the award is a true sense of achievement,” Lee said.

Reports submitted to the CAFR program are reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee (SRC). The GFOA is a nonprofit professional association that serves approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.