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City Claims Another CAFR Award

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 CAFR

There are certain honors that any professional would be thrilled to receive.

For those who work to unweave the mystery of the accelerating expansion of the universe, there’s the Nobel Prize in Physics.

Major League Baseball pitchers who shut down sluggers every fifth day can pick up a Cy Young Award.

For government finance officers and accountants, there’s no higher prize than the  Certificate of Achievement for Excellence in Financial Reporting Program (CAFR). 

Now imagine winning it for 14 consecutive years.

Even Albert Einstein and Greg Maddux would have to bow to that accomplishment.

The City of Greer owns honors for its comprehensive annual financial report dating back to 1997.

The Government Finance Officers Association (GFOA), a nonprofit professional association serving approximately 17,500 government finance professionals, established the CAFR Program in 1945.  It is designed to encourage state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure. Certificates recognize individual governments that succeed in achieving that goal.

Reports submitted to the CAFR program are reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee, which comprises individuals with expertise in public-sector financial reporting and includes financial statement preparers, independent auditors, academics, and other finance professionals.

“It’s a great honor to win the CAFR in any given year. To win certificates for 14 consecutive years reflects the quality of finance department staff members we’ve been fortunate to have at the city.  It has truly been a team effort,” Seifert said.

The Association of Public Treasurers of the United States and Canada recognized Seifert’s contributions and talents, selecting him in 2011 to serve on the association’s board of directors.

“The opportunity to gather and exchange ideas with colleagues from the U.S. and Canada is invaluable,” he said. “I’m able to share the City of Greer’s best practices and collect ideas to make our own department better. We’re all working toward the same goals.”