Nixa Earns Financial Reporting Award

from City of Nixa press release

City of Nixa Finance Department (photo: city of Nixa)

The City of Nixa Finance Department, led by Finance Director Donna Swatzell, has been awarded the Certificate of Achievement for Excellence in Financial Reporting for the third year in a row by the Government Finance Officers Association of the United States and Canada for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

“We want our community to know that Nixa takes financial responsibility very seriously. City Council and staff work hard to ensure tax dollars, grant money, and other revenue are invested wisely to provide infrastructure and services to stimulate economic growth and enhance quality of life that our residents have come to expect,” says Mayor Brian Steele. “We not only prioritize fiscal responsibility, but also transparency, and the evidence of our hard work towards both of these goals is demonstrated by this Certificate of Achievement.”

Mrs. Swatzell was recognized for the achievement during the December 17th City Council meeting.

The City of Nixa 2017 CAFR has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

Nixa encourages the public to review the financial report, particularly the demographic statistics, economic statistics, and operating information sections. The document shows the growth of the city over the last decade, revealing financial challenges such as reduced sales tax revenue and demonstrating the city’s responsible management of resources in spite of changing revenue streams. The complete 2015, 2016, and 2017 CAFRs may be viewed here:

GFOA established the CAFR Program in 1945 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, to help them do so, and to recognize individual governments that succeed in achieving that goal. More than 4,200 governments participate in the program each year, including all types (general purpose and special purpose) and all sizes of jurisdictions.###

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