According to a press release from the Bradley County Mayor’s Office, “The certificate is the highest form of recognition in government accounting and financial reporting.”
This is the eighth year the local government’s finance department has been recognized.
The award is based on the county’s yearly audit.
Lynn Burns, Bradley County finance director, said the certificate is a way to encourage local governments to use a standardized form of financial reporting, thus simplifying things for officials and county residents alike.
As part of the standardized form of reporting, the county includes 19 financial schedules. These schedules show 10 years of data for various categories, such as the tax rate.
Burns said this allows for comparison between the past and present.
Burns said following the standardized format also puts the information in a good form for rating agencies and other financial institutions.
The award was presented by Davis to Burns and the finance staff May 8.
“This is the second time this year that Bradley County has been recognized for its budgeting and accounting practices,” Davis said.
“In March the county received the “Distinguished Budget Presentation Award” which reflects the commitment of Bradley County to meeting the highest principles of governmental budgeting.”
According to GFOA, Bradley County was one of just 21 local governments in Tennessee to be honored with the “Distinguished Budget Presentation Award” this year.
“This Certificate of Achievement confirms that Bradley County’s accounting and reporting standards are current and something to be proud of as we continue to look for ways to be more efficient with citizen’s tax dollars and tighten our controls,” Davis said.