Flossmoor’s village government has again been nationally recognized for excellence in financial reporting.
For the 38th straight year, the village has received the Government Finance Officers Association’s Certificate of Achievement for Excellence in Financial Reporting.
Flossmoor Finance Director Scott Bordui presented an award plaque from the association to Mayor Paul Braun at the Aug. 1 village board meeting. The award, which was announced in February, honors Flossmoor for excellence in financial reporting during the fiscal year that concluded April 30, 2015.
“The Certificate of Achievement 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,” said Stephen Gauthier, the association’s director of technical services, in the award letter.
Bordui thanked Flossmoor’s village leaders, past and present, for making a commitment to solid financial practices over the years. He said the accomplishment is due to the longtime efforts of mayors, trustees, village attorneys, clerks, village managers, finance directors, finance department employees, department heads and pension board members.
“The award represents an ongoing and quantified commitment by the community to excellence in financial reporting and management which, in turn, provides the highest level of accountability to the citizens,” he said.
The award has been a contributing factor in Flossmoor’s continued strong credit and bond ratings, which have been upgraded twice over the past 14 years, Bordui said.
“To achieve (this award) for 38 consecutive years is truly a wonderful achievement produced by the entire community of Flossmoor,” he said.
The village is in “an elite group” of only 5.65 percent of cities and villages in the United States, and only 1.04 percent with a population less than 10,000, to receive an award for financial reporting from 2014, the last year of published data from the association, Bordui said.
“This is a real achievement,” Braun said. “It shows that our staff is the best at financial reporting, and it says a lot about the level of transparency in this community.”