The City of Twin Falls was one of three cities in Idaho to be awarded the Distinguished Budget Presentation and the Certificate of Achievement for Excellence in Financial Reporting in 2016 by the Government Finance Officers Association for achieving the highest principles of government budgeting.
The award is given to governing bodies that satisfy national guidelines, which determine how well a budget serves as a policy document, a financial document, an operations guide, and a communication device for the entity.
The City of Twin Falls’ Finance Department spends a substantial amount of time drafting and communicating through the audited financial documents. This includes an introductory section, financial section, and a statistical section.
“The Certificate of Achievement for Excellence in Financial Reporting is like a report card for our budget documents,” said Lori Race, City of Twin Falls CFO. “It shows our commitment and spirit of full disclosure to clearly communicate our financial story and motivate potential users to read the CAFR.”
The Government Finance Officers Association, headquartered in Chicago, Illinois, is a major professional association servicing the needs of 18,300 appointed and elected local, state, and provincial-level government officials. It provides training to enhance the skills and performance of those responsible for government finance policy.