For the 37th consecutive year, the City of Newton has been awarded the Certificate of Achievement for Excellence in Financial Reporting.

The Newton Finance Department received the certificate from the Government Finance Officers Association of the United States and Canada (GFOA) for the city’s annual comprehensive financial report for fiscal year 2021-2022. The certificate is the highest form of recognition in the areas of governmental accounting and financial reporting. Attainment of the certificate represents a significant accomplishment by a government and its management, according to GFOA.

The GFOA established the certificate program in 1945 to encourage and assist governments to go beyond the minimum requirements of generally accepted accounting principles. Newton’s annual comprehensive financial reports are evidence of the city’s financial transparency and dedication to full disclosure.

An impartial panel awards the certificate after determining a government meets GFOA standards and demonstrates a constructive spirit of full disclosure to clearly communicate its financial story and motivate people to read its annual financial report. Newton’s annual financial reports and other finance documents are available at www.newtonnc.gov/financialdocuments.

GFOA is a nonprofit professional association that serves more than 21,000 government finance professionals throughout the United States and Canada.