CHICAGO -- Producing a clear annual financial report once again, Bellevue has earned its 26th consecutive Certificate of Achievement for Excellence in Financial Reporting.
The Government Finance Officers Association of the United States and Canada awarded the certificate to the city for its 2007 Comprehensive Annual Financial Report (10 MB), which the organization said demonstrated a "spirit of full disclosure."
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. For preparing the award-winning report, the Finance Department received an Award of Financial Reporting Achievement.
Washington law requires that Bellevue publish a comprehensive annual financial report each year. The financial report describes how the city uses its financial resources each year, and provides a picture of the city's financial condition at the end of the calendar year. Each year's financial report is usually published by June of the following year.
Bellevue's 2006 financial report was judged by an impartial panel to meet the high standards of the Certificate of Achievement program, including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story. This approach can motivate potential users and user groups to read the report.
The Government Finance Officers Association, with offices in Chicago and Washington, D.C., is a nonprofit professional association serving approximately 16,000 government finance professionals. The Finance Department has more information about Bellevue's budgets and finances.
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