The Government Finance Officers Association of the United States and Canada (GFOA) recently awarded a Certificate of Achievement for Excellence in Financial Reporting to the city of Brentwood for its comprehensive annual financial report (CAFR) for the year which ended June 30, 2018.
This was the 33rd consecutive year (fiscal years ending 1986-2018) the government has achieved this award. The Certificate of Achievement is a prestigious national award that recognizes conformance with the highest standards for preparation of a state and local government financial report.
In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report, with contents conforming to program standards. The CAFR must satisfy both generally accepted accounting principles and applicable legal requirements.
Brentwood City Manager Kirk Bednar acknowledged that while the award has become somewhat routine, it is no less an achievement this year than in the many years past.
“There is a significant amount of work that occurs day in and day by the finance department that makes this award possible,” he said. “Ironically, the award for FY 2018 came just as the department geared up for the auditors to work on the next financial document.”
Brentwood Mayor Rhea Little told the crowd of residents and staff at the Sept. 9 regular City Commission meeting that, “our finance team seems to win every year.”
“I think Karen [Harper] and Richard [Parker] are the [Bill] Belichick and [Tom] Brady of the finance world,” he said, prompting laughter in the room for the humorous comparison to the NFL New England Patriots head coach and quarterback that hold the record for most Super Bowl appearances (nine) and wins (six) by a head coach-quarterback duo.
Parker is the Brentwood Finance Department director, and Harper is the city's treasurer.
“Richard and Karen, good work,” Brentwood City Commissioner Mark Gorman said. “We appreciate your help in keeping us in line from a fiscal discipline perspective. That is the cornerstone for financial success.”
To learn more about the CAFR program and the Government Finance Officers Association, click here.