For the 27th year in a row, Pikes Peak Library District is being recognized for excellent financial transparency.
The Government Finance Officers Association awarded Pikes Peak Library District the Certificate of Achievement for Excellence in Financial Reporting this month, the association’s highest award.
“The attainment of this award represents significant accomplishment by a government and its management,” the Government Finance Officers Association said in a press release. “This is the highest form of recognition in the area of governmental accounting and financial reporting.”
Each year, the association judges government organizations through an impartial panel. According to the association’s website, the program was designed to motivate government agencies to “go beyond the minimum requirements of generally accepted accounting principles,” with the goal of encouraging financial transparency by those agencies.
Earning this award illustrates an organization’s commitment to good stewardship of public dollars.
“This award is one of the highest honors a government organization can hope to achieve,” said Pikes Peak Library District Chief Financial Officer Michael Varnet. “To receive an award of this caliber so many years in a row is a testament not only to the finance team, but to the Library District as a whole. The group of people I work with each day truly has dedication to transparency and honorable financial reporting, and I am very proud to be part of such a team.”