Indy Library Cited for Excellence in Financial Reporting
February 26, 2014
For the 23rd 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.
"The Library is very proud to have received such ongoing recognition for its demonstrated high level of financial accountability," said Dorothy Crenshaw, President of the Library Board of Trustees. "Citizens can be confident that its public library is being operated with an eye toward efficiency while serving as a good steward of public resources. This commitment to fiscal responsibility will continue as a guiding principle as the Library moves forward with a new five-year plan of service."
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.
Citizens can view the Library's Comprehensive Annual Financial Report online at www.indypl.org