Newberry Receives Financial Reporting Award for Fifth Year

NEWBERRY ‒ The City of Newberry's Finance and Administration Department has been awarded the Certificate of Achievement for Excellence in Financial Reporting. This accolade, presented by the Government Finance Officers Association of the United States and Canada, recognizes the Department's Annual Comprehensive Financial Report (ACFR) for the fiscal year ending Sept. 30, 2022.

The City’s annual comprehensive financial report underwent evaluation by an impartial panel, which confirmed its adherence to the program's rigorous standards. These include a constructive “spirit of disclosure” to communicate the City's financial narrative clearly, encouraging engagement and comprehension among various users and user groups.

This marks the City’s fifth receipt of this prestigious award, an honor achieved by fewer than five percent of government entities.

“The successful preparation of our financial report clearly reflects our team's unwavering commitment to financial integrity and excellence,” said Dallas Lee, Newberry Assistant City Manager and Chief Financial Officer. “This accomplishment is not merely about meeting standards; it's about surpassing them to ensure the utmost clarity and accuracy in our financial reporting for our community.

“The collaborative efforts of our staff across all departments have been instrumental in achieving this standard of excellence. It's a collective endeavor that honors our commitment to ethical financial management and sets a benchmark for excellence in governmental accounting.”

The Certificate represents the pinnacle of governmental accounting and financial reporting. Attaining it is a significant achievement for the City, underscoring a commitment to transparency and clear disclosure in handling City funds.

“It is a tremendous honor for the City of Newberry to be recognized with this award once again,” said City Manager Mike New. “Recognition with this prestigious award for the fifth time is a testament to the dedication and expertise of our finance team. Their meticulous work, rooted in financial integrity and excellence, has been vital in maintaining the city's reputation for transparent and responsible financial management.

“This achievement is more than an award; it's a reaffirmation of our collective commitment to upholding the highest financial reporting and management standards. Congratulations to our finance team for once again demonstrating the exceptional skill and diligence that Newberry is known for.”

The Government Finance Officers Association initiated the Certificate of Achievement for Excellence in Financial Reporting Program in 1945. The program encourages state and local governments to exceed the minimum requirements of generally accepted accounting principles. It focuses on preparing comprehensive annual financial reports that embody the spirit of transparency and full disclosure and recognizes governments that successfully fulfill these criteria.

#     #     #

Email cwalker@

alachuatoday.com