City of Farmington Hills Earns Two Awards for Excellence in Finance from the Government Finance Officers Association
The City’s Finance Department has a legacy of receiving industry awards for over 40 years
The City of Farmington Hills Finance Department announced today that it has once again received two awards from the Government Finance Officers Association of the United States and Canada (GFOA), the Certificate of Achievement for Excellence in Financial Reporting and the Distinguished Budget Presentation Award. This is the City’s 42nd consecutive year receiving the Distinguished Budget Presentation Award and the 27th consecutive year receiving the Certificate of Achievement for Excellence in Financial Reporting.
“In the City of Farmington Hills, we strive to make vital information available and accessible to everyone in the community, so they know how their tax dollars are being spent,” said City of Farmington Hills Finance Director/Treasurer Thomas Skrobola. “These recognitions highlight the City's ongoing commitment to sound financial management, transparency and operating at the highest level.”
These prestigious awards reflect the City's dedication to meeting and exceeding the national standards established by GFOA and highlight a legacy of excellence in government financial management and accountability. The GFOA is a professional association serving more than 22,500 members dedicated to advancing excellence in government finance by establishing best practices, professional developments, resources, and applicable research for its members and their communities.
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting. An impartial panel judged the report to evaluate it against the program’s criteria, which includes demonstrating a “spirit of full disclosure.” The certificate was awarded based on the City’s annual comprehensive financial report for the fiscal year ended June 30, 2024.
GFOA gives the Distinguished Budget Presentation Award to governments that have pioneered efforts to improve the quality of budgeting and provide an excellent nationwide example. It reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting. To receive the award, the City’s budget was evaluated according to 14 criteria across four categories.
The City of Farmington Hills Finance Department is comprised of three primary functions: accounting, assessing and treasury. The Department’s main responsibility is to facilitate the responsible use of the City’s financial resources through maintaining accurate and complete records of all financial transactions, assets, and liabilities. The Department also prepares the annual budget, processes payments for City employees and vendors, administers the City’s retirement benefits, and manages the City’s liability and property insurance.
For more information, visit www.FHgov.com.