Novi Receives Certificate of Achievement for Excellence in Financial Reporting for the 14th time

The Government Finance Officers Association of the United States and Canada (GFOA) is pleased to announce the City of Novi has received the GFOA’s Certificate of Achievement for Excellence in Financial Reporting for its comprehensive
annual financial report (CAFR). This is the 14th time the City of Novi has received this honor.

“The award represents a significant achievement for the City of Novi and our Finance Department,” said Finance Director Kathy Smith-Roy in a press release. “The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting and demonstrates a community’s commitment to providing open and transparent information.”

The CAFR was judged by an impartial panel to have met the high standards of the program, including the demonstration of a constructive “spirit of full disclosure” that clearly communicated its financial story and motivated potential users and user groups to read the CAFR.

GFOA has previously recognized the City of Novi’s Finance Department by awarding the Distinguished Budget Presentation Award 14 consecutive times. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.

The Government Finance Officers Association is a nonprofit professional association serving 17,500 government finance professionals throughout North America, and has offices located in Chicago, Illinois and Washington, D.C.