TOWN OF CARY ONCE AGAIN EARNS HIGHEST FINANCIAL HONOR

CARY, NC – For the 21st year in a row, the Town of Cary has been awarded the 2005 Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).  The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

“Receiving this award for 21 years demonstrates our continuing, long-term commitment to the highest level of fiscal responsibility and transparency,” said Town Manager Bill Coleman.  “I remain very proud and appreciate of the hard work all our staff does each day towards maintaining our Town’s financial integrity.”

The CAFR is 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 and motivate potential users and user groups to read the CAFR.

“Each year, we remain dedicated to providing citizens with the most accurate and efficient financial information through our annual report,” said Town Finance Director Karen Mills.

The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago , IL and Washington , DC .

For a copy of the 2005 Comprehensive Annual Financial Report, visit www.townofcary.org.  For more, call (919) 469-4110.

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