2011 marks the 24th consecutive year that Waukesha County has received the Certificate of Achievement for Excellence in Financial Reporting Award from the Government Finance Officers Association (GFOA) for its comprehensive annual financial report (CAFR). The GFOA, located in Chicago, is a non-profit organization that assesses government financial professionals throughout the United States and Canada.
The Distinguished Budget Presentation Awards Program is the only award of its kind in North America. According to the GFOA, the award “is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.”
Not only does this award help the County of Waukesha to achieve a AAA/aaa bond rating by Moody’s Investors Service and Fitch Ratings, but this bond rating, which is the highest rating possible, helps Waukesha County pay lower interest rates on loans to fund highway and other capital projects each year. By attaining lower interest loans for these projects, Waukesha’s financial excellence helps save taxpayers money.
“I am very proud of Waukesha County’s financial team and their many achievements,” said County Executive Dan Vrakas. “Waukesha County’s financial operations are extremely well managed and this award is a reflection of that.”
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