Oakland County earns fiscal reporting award for 25 years running

The Government Finance Officers Association of the United States and Canada (GFOA) has given Oakland County top honors for fiscal reporting for the 25th year in a row. GFOA bestowed the Certificate of Achievement for Excellence in Financial Reporting upon Oakland County for its Fiscal Year 2015 Comprehensive Annual Financial Report (CAFR).

The CAFR discloses the county's finances in full detail to anyone who wants to review them, particularly those who seek to invest in Oakland County.

"This is a milestone achievement that's indicative of why we have the best fiscal services team in the country," Oakland County Executive L. Brooks Patterson said. "It reflects the excellence they bring to the job every day."

Fiscal Services Manager Lynn Sonkiss agrees.

"It really is a team effort to complete this each year," Sonkiss said. "Special thanks to the fiscal services staff for their assistance in compiling reports and information for the CAFR and to the other county departments who offer their input."

The GFOA awards the Certificate of Achievement for Excellence in Financial Reporting to governments "to encourage and assist (them) to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal."

To view the fiscal 2015 CAFR, visit www.OakGov.com/Fiscal, click on "Information & Publications," and scroll down to "Oakland County 2015 Comprehensive Annual Financial Report."

Published: Tue, Sep 27, 2016

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