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Vermont Finance and Management Department receives national award

first_imgGovernor Jim Douglas applauded the work of the Vermont Department of Finance and Management for receiving the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) – the organizations highest form of recognition.  This is the second year in a row that the State of Vermont, through the Department of Finance and Management, has received this award for the comprehensive annual financial report (CAFR).“The team at Finance and Management has done a tremendous job ensuring that my Administration, the Legislature and Vermonters have the best possible fiscal information,” said Governor Douglas. “Timely and accurate reporting is critical in making good decisions, providing the transparency taxpayers expect and maximizing our limited resources.  Commissioner Reardon and his team deserve a great deal of credit for their sound management of taxpayer money during a very difficult time.”Commissioner Jim Reardon, who has been at the helm of the Finance and Management Department for the past five years stated “I am very proud of my staff in the Financial Operations Division, they are a talented and committed team of state employees that take great pride in their work.”According to the GFOA, Vermont’s CAFR was judged to meet the highest standards of financial reporting by an impartial panel of experts.  The CAFR demonstrated a constructive “spirit of full disclosure” by clearly communicating Vermont’s “financial story” and motivating groups and individuals to read the CAFR.The GFOA is a nonprofit professional association based out of Chicago, Illinois and Washington D.C. and serves approximately 17,500 government finance professionals in the U.S. and Canada.Source: Governor’s office. 7.21.2010###last_img read more