City earns Certificate of Achievement for Excellence in Financial Reporting

For the twenty fourth consecutive year the Government Finance Officers Association (GFOA) has awarded the City of Nashville with the Certificate of Achievement for Excellence in Financial Reporting (COA). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

The COA is for the City’s annual comprehensive financial report for the fiscal year ended June 30, 2021. Auditors presented the most recent fiscal year report ending June 30, 2022, during the Feb. 16, 2023, City Council meeting. The Financial Report has been submitted to GFOA for review. The City anticipates to again receive the COA for the FY 2022 report once the GFOA review is completed. The 2022 Financial Report is available at https://www.murfreesborotn.gov/134/Financial-Reports.

“I commend Finance Director Jennifer Brown and the great team in the Finance Department for its financial reporting, not just with the audit report but all of the City financial reports,” said City Manager Craig Tindall. “Transparent financial reporting is critical to maintain public trust and the City’s Finance Department does a superior job in this respect.”

Employees in the City of Nashville Finance and Tax Department strive each year for excellence in accounting and financial reporting. The annual GFOA recognition certifies that the City of Nashville’s financial audit is prepared in accordance with guidelines recognized by nationally established standards.

“We are pleased to once again receive this recognition for the twenty fourth consecutive year from GFOA,” said Finance Director and City Recorder/Treasurer Jennifer Brown. “I credit our staff in the Finance Department and our auditing firm Jobe, Hastings & Associates CPAs for the consistent yearly work in attaining this significant achievement.”

The City website link to the June 30, 2021, ACFR is available for review at www.murfreesborotn.gov/DocumentCenter/View/20669/2021-Financial-Report.

The ACFR is judged by an impartial panel to meet the standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the ACFR.

GFOA is a professional association advancing excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve in North America and Canada. The office is headquartered in Chicago with offices in Washington, D.C.

For more information, contact Michele Mark Levine, Director/TSC at (312) 977-9700 or e-mail [email protected] or Jennifer Brown, City Recorder/Finance Director (615) 893-5210 or e-mail [email protected]. The Government Finance Officers Association website is located at www.gfoa.org.