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Excellence in financial reporting

Post Date:07/25/2017 12:00 p.m.


(SEDONA, Ariz.) – The city of Sedona has achieved a Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report for the 2016 fiscal year.

The certificate, awarded by the Government Finance Officers Association of the United States and Canada, is the highest form of recognition in the area of governmental accounting and financial reporting and its attainment represents a significant accomplishment by the city and its Financial Services Department.

The certificate for the 2016 report is the city’s 18th such recognition from the association.

In conjunction with the certificate, the association also makes an Award of Financial Reporting Achievement to the individuals and department primarily responsible for preparing the report. City Manager Justin Clifton says it’s a recognition well-earned.

“The careful accounting and reporting provided by Finance Director Cherie Wright and her staff are foundational to making solid budget decisions,” he says. “Our council is committed to responsible budget management, so we rely on the detailed and timely data we get from Cherie’s team.”

In addition to accuracy and implementation of best practices in the area of financial reporting, the Certificate of Achievement for Excellence in Financial Reporting also recognizes that the city of Sedona has demonstrated a constructive ''spirit of full disclosure" to clearly communicate its financial position.

Wright and her team will be formally recognized at a future meeting of the Sedona City Council. Detailed city budget and audit information is available on the city website at sedonaaz.gov/finance.

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