PWC Earns 3 GFOA Awards for Outstanding Financial Presentation & Reporting
The Government Finance Officers Association (GFOA) has recognized the Fayetteville Public Works Commission with three awards in financial presentation and reporting. PWC received the Distinguished Budget Presentation Award for the 17th consecutive year; the Certificate of Achievement for Excellence in Financial Reporting for the 5th straight year and received its first GFOA Special Capital Recognition.
The awards represent a significant achievement, reflecting the commitment of PWC to meeting the highest principles of governmental finance presentation and reporting. PWC had to satisfy nationally recognized guidelines that reflect the GFOA’s best practices in budgeting and to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports.
Only 3% of US municipalities received the Budget Award in 2012 and only 5% received the CAFR Award. PWC was one of 11 municipalities to receive the Special Capital Recognition for an outstanding rating in presenting PWC’s annual capital budget.