Indy Library Cited for Excellence in Financial Reporting
January 12, 2012
For the 21st consecutive year, The Indianapolis Public Library has received the highest form of recognition in the area of governmental accounting and financial reporting.
The Library 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.
"In light of recent fiscal challenges, the Library's continued recognition for meeting the highest standards of financial accountability and demonstrating good stewardship of local tax dollars is extremely important," stated Jackie Nytes, Library CEO. "Citizens can be assured that the Library takes seriously its role as a manager of public assets while we address a number of critical service issues in the near future."
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.