City of Covington:  Excellence in Financial Reporting

City of Covington: Excellence in Financial Reporting

Mayor Mike Cooper has announced that for the seventh consecutive year the Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Covington by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).  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 management.
“The City of Covington is tremendously proud to once again be recognized as a recipient of this prestigious award.  I, and members of the Covington City Council, wish to acknowledge and commend Chief Administrative Officer Gina Hayes and Finance Director Alisa Faciane for their adherence to the best financial practices.  They are an asset to our City and to my administration.  My thanks are also extended to the CPA firm of Carr, Riggs & Ingram, who formally submitted the annual financial report on the City’s behalf,” said Mayor Cooper.
The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 19,000 government finance professionals with offices in Chicago, IL and Washington, DC.