Bristol honored by GFOA for Excellence in Financial Reporting

The Government Finance Officers Association (GFOA) has awarded top honors to the city of Bristol for demonstrating a “spirit of full disclosure” when preparing the city’s annual financial report for the fiscal year ended June 30, 2021. The Certificate of Achievement for Excellence in Financial Reporting was established by GFOA in 1945 to encourage state and local governments to prepare transparent financial reports that allow the public to gauge the financial health of the community. The latest award recognizes Bristol’s Annual Comprehensive Financial Report for 2020-2021 and marks the 19th consecutive year the City has received GFOA’s highest form of recognition in government accounting and financial reporting. Award winners are selected by members of the GFOA professional staff and a committee comprised of those with expertise in public sector financial reporting. They evaluate reports using a long checklist to determine if the information included allows users to better understand the financial condition of the governmental agency, the availability of funds for future use, whether the financial condition has improved or deteriorated from the previous year, and many other factors. The City’s Annual Comprehensive Financial Report for fiscal year ended June 30, 2021 is available online at www.bristoltn.org/ACFR.