Accounting staff are responsible for analyzing, recording, and reporting the financial transactions of the County. They prepare the Interim Financial Report, the Comprehensive Annual Financial Report, and the Trend Monitoring Report as well as other financial reports. They coordinate the Financial Audit, Single Audit, and the SRS Audit. They are responsible for the recording of fixed assets, approval of journal entries and other financial adjustments, and the monitoring of all projects and grants of the County.
The Office of Financial Management has received their 24th consecutive Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada.
The honor is in recognition of the office’s comprehensive annual financial report for 2010. The award 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, according to Tom Franzen, the county’s Director of Treasury and Financial Management.
Franzen credits the Accounting Division staff for their work in achieving the national recognition and ensuring the department’s award-winning standards are being maintained in serving Johnson County.
The 2010 comprehensive annual financial report, or CAFR, was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 15,000 government finance professionals with offices in Chicago and Washington, D.C.