Finance Receives National & State Awards
Finance Receives National & State Awards
The Government Finance Officers' Association (GFOA) has once again presented Greenville Utilities Commission three awards for how it communicates financial information.
GUC received the Distinguished Budget Presentation Award for the Fiscal Year 2022-23 budget book. This marks the seventh consecutive year GUC has earned this recognition. The purpose of this award is to encourage and assist governments in preparing budgets of the highest quality for the benefit of its citizens and stakeholders with a vital interest in the budget process. To win the award, our budget document met program criteria and excelled as the policy document, financial plan, operations guide, and communication tool.
At the end of a fiscal year, organizations prepare an Annual Comprehensive Financial Report (ACFR) — a look back at the previous fiscal year. This is the 13th year GUC has earned a Certificate of Excellence in Financial Reporting for the ACFR. This award recognizes entities for going beyond the minimum requirements of generally accepted accounting principles to prepare financial reports that show transparency and full disclosure.
The Popular Annual Financial Report (PAFR) is a document designed to make an organization's ACFR easier to understand by people who do not have a finance or accounting background. GUC's PAFR was evaluated in five categories: reader appeal, understandability, distribution methods, creativity, and overall quality and usefulness. This is the seventh year in a row GUC has won the Award for Outstanding Achievement in Popular Annual Financial Reporting for its PAFR.
The GFOA advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 20,500 members and communities they serve.
For the 12th year in a row, the purchasing section of GUC's Finance Department received the Sustained Professional Purchasing Award (SPPA), presented by the Carolinas Association of Governmental Purchasing (CAGP). GUC is one of 15 member agencies in North Carolina and South Carolina to receive this designation for calendar year 2022.
To earn the award, GUC had to demonstrate its ability to meet the complex criteria and high standards for utilization of technology, minority outreach, staff certification, customer training, vendor training, and the use of recycled products.
CAGP is a professional non-profit organization devoted to improvements in governmental purchasing, the exchange of ideas, promoting procurements rules and procedures, professional development, and purchasing certification through its affiliation with the UNC School of Government. Earning this award reflects GUC's commitment to conducting business in both a professional and ethical manner.
Congratulations to the Finance Department on these outstanding awards! These accomplishments reflect the professionalism and commitment of all the divisions in the Finance Department. It also reflects a high degree of dedication and leadership on the part of our Board of Commissioners.