Fiscal reporting earns honors for 29th year
For the 29th year in a row, Oakland County has earned top honors for its fiscal reporting from the Government Finance Officers Association of the United States and Canada.
The county earned the Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report for Fiscal Year 2019, which was published in 2020. The CAFR discloses the county’s finances in full detail to anyone who wants to review them, especially those who seek to invest in Oakland County.
“This year has been full of challenges and our Fiscal Services team has done a tremendous job, maintaining top notch services to taxpayers throughout the pandemic,” said Oakland County Executive David Coulter. “They facilitated the county’s use of federal CARES Act funds in our pandemic response while implementing a balanced budget, maintaining our AAA bond rating, and publishing the CAFR report at the beginning of the pandemic. This recognition from their government peers is well- deserved.”
Oakland County Fiscal Services Officer Lynn Sonkiss congratulated her team for their high-level of commitment throughout 2020.
“Compiling the CAFR each year requires a substantial amount of work and this award is one that we do not take for granted,” Sonkiss said. “All of our fiscal staff contributed to this significant effort.”
Fiscal Services staffer Carol Morin coordinated the CAFR document while employees Chen Tsai, Raleigh Parrott, Penny Cremer, Shannon Lee and Dave Nelson ran reports or made other key contributions to the document.