IMCPL Cited for Excellence in Financial Reporting
February 08, 2011
The Indianapolis-Marion County Public Library has received the highest form of recognition in the area of governmental accounting and financial reporting.
For the 20th 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.
"This professional recognition is extremely important in demonstrating the Library's commitment to proper stewardship of tax dollars and adherence to the highest standards of financial accountability," said Thomas S. Shevlot, President of the Indianapolis-Marion County Public Library Board of Trustees. "While the Library moves forward in addressing today's fiscal challenges, we can be proud of such recognition for our efforts on behalf of Marion County citizens."
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 motivating potential users and user groups to read the CAFR.
The GFOA is a non-profit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL and Washington, D. C.