IMCPL Cited for Excellence in Financial Reporting
February 03, 2010
The Indianapolis-Marion County Public Library has received the highest form of recognition in the area of governmental accounting and financial reporting. For the 19th consecutive year, IMCPL has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).
The Certificate of Achievement represents a significant accomplishment by a governmental unit and its management.
"The Library is proud to receive this professional recognition that demonstrates our commitment to the highest standards of financial accountability," stated Thomas S. Shevlot, President of the Indianapolis-Marion County Public Library Board of Trustees. "Given the fiscal challenges facing both public and private institutions, it's important that the Library is judged as a responsible steward of taxpayer resources," he added.
The Library's CAFR was judged by an impartial panel to meet the high standards of the reporting program, demonstrating a constructive "spirit of full disclosure" to clearly communicate the Library's financial story and motivate potential users and user groups to read the CAFR.
The GFOA is a non-profit professional association serving approximately 16,000 government finance professionals with offices in Chicago and Washington, D. C.