Sherwood Receives Financial Reporting Achievement Award

Recognition is First Time in Ten Years

The City of Sherwood has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR) for FY2012.  This certificate 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.  It is the first time that the City of Sherwood has been awarded this recognition since FY2002-03.

Sherwood’s CAFR has been judged by an impartial panel to meet the high standard of the program including a constructive “spirit of disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.  “I want to congratulate Julie Blums, Interim Finance Director who prepared our CAFR,” stated Joseph Gall, City Manager. “Achieving this high level of recognition in financial reporting is another important step toward our goal of fiscal transparency and solid financial management.”

The City of Sherwood has also received similar recognition for its budget from the GFOA for many years.  The GFOA is a nonprofit professional association serving approximately 17,500 government finance professional with offices in Chicago, IL, and Washington, D.C.

For more information, please contact Joseph Gall, City Manager for the City of Sherwood at 503.625.4200 or by email at gallj@sherwoodoregon.gov