.

Rochester Hills Earns High Marks for Financial Reporting, Transparency

The Government Finance Officers Association has awarded Rochester Hills with the Certificate of Achievement for Excellence in Financial Reporting for 25th consecutive year.

Photo Credit: Patch File Photo.
Photo Credit: Patch File Photo.

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. 

Scot Beaton December 05, 2013 at 03:47 PM
John McKay... If all your capable of doing is regurgitating a city press release... stop posting government stories on Rochester Hills... your not their advertising agency... get off your (expletive) lazy (expletive) and do some research for ONCE! The city pays for this award every year, and it's nothing more than how nice the budget document looks... nothing to do with balancing the numbers. Other prestigious financially sound towns ... LOL ... have gotten the same award... like Pontiac and Detroit when they had the money to pay for it! John McKay... do us all a favor for the rest of year stick to writing stories about stuff like Santa Claus... there is a slight chance you wouldn't screw that up. Happy Holidays
Erin December 05, 2013 at 08:49 PM
“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. Unfortunate that doesn't extend to calling for public hearings to facilitate transparency and disclosure. In that area, the City indeed fulfills merely the MINIMUM requirements demanded by statutes (ie. budget) and/or otherwise required in the process of a proposal (ie. PACE Loans). Council President Hooper gave reasons of budget as to why we don't have discretionary hearings, then recanted, then gave a vague reason about "only one person shows for public hearings anyway". If Rochester Hills can't afford to place a non-mandatory public hearing on the agenda, one must question it's financial position. However, nothing to take away from Pam Lee's work in expertly completing such a large task as preparing a City budget. Indeed a huge undertaking. Congratulations Ms. Lee.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something