City Recognized for Financial Reporting

Communications Director

Jesse Fox Mayshark
jmayshark@knoxvilletn.gov
(865) 215-3710

400 Main St., Room 654A
Knoxville, TN 37902

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News item

City Recognized for Financial Reporting

Posted: 06/07/2018
For the 32nd year in a row, the City of Knoxville’s Finance Department has been recognized for the transparency and clear communication of its annual financial reporting.

The Government Finance Officers Association (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the City’s Finance Department. GFOA is a professional association representing and serving almost 19,000 local and state government officials and finance practitioners.

GFOA touts the award as the “highest form of recognition in governmental accounting and financial reporting,” adding that “its attainment represents a significant accomplishment by a government and its management.”

“A big part of public service is clearly communicating the City’s financial state, which is historically strong, when you look at our highest-ever bond credit ratings,” says Finance Director Jim York. 

“The Finance Department staff is proud of this unbroken series of GFOA awards. It’s a reflection of City’s culture of openness and responsiveness to citizens.”

Also honored with a GFOA Certificate of Achievement for Excellence in Financial Reporting was the City of Knoxville pension system. The system’s comprehensive annual financial report demonstrates a “constructive spirit of full disclosure,” according to GFOA.

Learn more about the City's Finance Department at http://www.knoxvilletn.gov/finance.