The Government Finance Officers Association (GFOA) has awarded the Town of Braintree a certificate of achievement for excellence in financial reporting for its 2012 Comprehensive Annual Financial Report (CAFR).
Braintree is one of a small group of municipalities and government agencies in Massachusetts to earn this distinction. In 2012 only 19 Massachusetts municipalities and nine government agencies were given this honor.
“I am proud our efforts to improve Braintree’s finances and to make the facts available to the public have earned national recognition," Mayor Joseph Sullivan said in a statement.
"Since the inception of our new government, we have avoided one-time fixes and established prudent financial policies. A solid financial foundation allows us to devote resources to Braintree’s schools, police, fire and roads.”
Sullivan complimented Director of Municipal Finance Ed Spellman for his work in preparing the award winning report.
“This national award is an acknowledgement of the steady and reliable leadership Ed Spellman has provided since his appointment as Director of Municipal Finance," Sullivan said.
According to their website, since 1945 the GFOA has awarded the Certificate of Achievement for Excellence in Financial Reporting to encourage and assist state and local governments to …prepare comprehensive annual financial documents that evidence the spirit of transparency and full disclosure.”
This professional association is comprised of over 17,500 state, provincial and local government financial officers in the United States and Canada.