The City of Salem has again earned high praise for the exceptional quality of its financial reporting
For the 20th time in the past 22 years, the City was awarded the Government Finance Officers Association (GFOA) of the United States and Canada Certificate of Achievement for Excellence for its comprehensive annual financial report.
"Attaining this is a significant accomplishment for any organization or Finance Department and anyone who plays a part in making sure our books and accounts are top-notch," City Manager Steve Powers told the Salem City Council at its October 28, 2019, meeting. "I want to acknowledge the Finance Department and the others who have contributed to our success."
The Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
The award has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the comprehensive annual financial report.