Board of Directors Regular Meeting Agenda


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Meeting Date: 03/26/2014  

SUBJECT MATTER:
Receive, consider and act upon a Certificate of Achievement for Excellence in Financial Reporting awarded to The Woodlands Township by the Government Finance Officers Association (GFOA);
FISCAL IMPACT:
Not applicable
BACKGROUND:
The Government Finance Officers Association of the United States (GFOA) has awarded The Woodlands Township the Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report (CAFR) for the year ended December 31, 2012. The CAFR includes the Township’s audited financial reports, related footnotes to the financial statements, management’s discussion and analysis and detailed statistical reports.

According to the attached news release from GFOA, “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.” GFOA further states that the Township’s Comprehensive Annual Financial Report 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 CAFR.”
RECOMMENDATION:
Accept the report regarding the Certificate of Achievement for Excellence in Financial Reporting awarded to The Woodlands Township by the Government Finance Officers Association for the Township’s Comprehensive Annual Financial Report for the year ended December 31, 2012.
Attachments
GFOA Cert


    

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