Supervisor Kate Murray announced today that Hempstead Town has once again earned the prestigious “Excellence in Financial Reporting Award,” the highest municipal finance award, which recognizes governments that evidence the highest standards of fiscal management and budgetary transparency. It is the 10th consecutive year that Hempstead Town has won this award, which was presented by the independent and non-partisan Government Finance Officers Association (GFOA) for the 2012 fiscal year.
“I’m thrilled that the GFOA’s respected independent accounting professionals are recognizing our town for a 10th straight year,” Murray said. “The honor represents dedication to transparency, accountability and forthrightness in fiscal reporting.”
The GFOA issued the award upon receiving Hempstead Town’s Comprehensive Annual Financial Report (CAFR). According to GFOA, the CAFR was judged by an impartial panel to meet the high standards of the program, including “demonstrating a constructive ‘spirit of full disclosure’ to clearly communicate its financial story.”
As governments across the region contend with economic challenges, especially in the wake of Hurricane Sandy, Hempstead Town continues to garner praise from independent financial analysts. Controlling costs and refraining from fiscal gimmicks are among the practices that assist the Town in reaching budgetary goals.
“At Hempstead Town, we pride ourselves on being fiscally responsible, while remaining committed to providing top-notch government services and programs,” Murray said. “I’m proud that the GFOA, for a decade now, has recognized our town for sound financial practices and responsible budgeting.”