RADNOR TWP, PA — For the 10th year in a row, Radnor Township and the Finance Department earned the Certificate of Achievement for Excellence in Financial Reporting Program and Award of Financial Reporting Achievement from the Government Finance Officers Association (GFOA).
“I am extremely proud of the efforts and recognition of our Finance Team by the GFOA,” said William White, Township Manager. “Maintaining these rigorous standards of care and accuracy when it comes to Radnor’s finances is the highest priority, and our professionals continue meet and exceed those standards every day.”
GFOA represents public finance officials throughout the United States and Canada. The association’s members are comprised of federal, state, and local finance officials deeply involved in planning, financing, and implementing thousands of governmental operations in each of their jurisdictions. The GFOA’s primary mission is to advance excellence in public finance.
Certificate of Achievement for Excellence in Financial Reporting Program (Radnor Township)
GFOA established the COA in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. 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.
Award of Financial Reporting Achievement (Finance Department specific)
GFOA established this award to encourage state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence transparency and full disclosure. To receive the award, the annual report must include an independent auditor’s report on the fair presentation of the financial statements in accordance with generally accepted governmental auditing standards.
“Many thanks to the Board of Commissioners and the Township Manager who fully support the team here at Radnor,” said Bob Tate, Director of Finance. “As I shared to my colleagues in the Finance department, it’s not only what you do but how each of you do your job – with professionalism, respect and attention to customer service.”
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