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The Village of Lombard was recently awarded the Certificate of Achievement for Financial Reporting and the Distinguished Budget Award, for the 29th and 28th consecutive year respectively.
The awards recognize individual governments that provide transparency and go beyond the minimum requirements of generally accepted accounting principles.
The Village was recognized with these awards by the Government Finance Officers Association of the United States and Canada (GFOA.) The Certificate of Achievement for Financial Reporting is the highest form of recognition for governmental accounting and financial reporting, and the Budget Award is the highest level of recognition that a municipality can achieve in the area of budgeting.
“Lombard is lucky to have such an excellent Finance Department, and Finance and Administration Committee,” said Village Trustee and Chair of the Finance and Administration Committee Reid Foltyniewicz. “They know how to roll up their sleeves and get things done. It’s not always easy, but we are focused on the long term fiscal health of our Village, and we are committed to Lombard’s success for not only the present year, but also years to come.”
Both awards were judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive spirit of full disclosure when it comes to financial reporting and the Village budget.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago and Washington, D.C.