Litchfield Park has added another accolade to its financial integrity, securing the Certificate of Achievement in Financial Reporting for the 27th time. This top-tier acknowledgement, courtesy of the Government Finance Officers Association of the United States and Canada (GFOA), reveres the City's transparency and accuracy in accounting and financial reporting, especially for the fiscal year of 2024.
City officials, as per the City of Litchfield Park's announcement, could not contain their excitement. "We are thrilled to accept this honor, which underscores the City’s continuous commitment to transparent and accountable financial reporting,” expressed Paige Peterson, director of finance and assistant city manager. Peterson also emphasized the City’s dedication to strong fiscal integrity, which is seen as a driving force for responsible growth for Litchfield Park and its projects, including Litchfield Square.
Initiated in 1945, the COA Program is designed to identify governments that adhere to the highest standards laid out by the GFOA. Litchfield Park’s financial report underwent rigorous scrutiny before an impartial panel deemed it a model of transparency, full disclosure, and commendable communication of its financial narrative.
The City’s noteworthy financial practices can be examined in detail through its Annual Comprehensive Financial Report for the fiscal year ending June 30, 2024. For anyone interested in diving into the numbers and strategies that earned Litchfield Park its latest financial reporting laurel, the report is readily accessible online at the City's website.
