City audit honored for 5th straight year
The City of San Angelo’s Finance Department has for the fifth straight year earned the Certificate of Achievement for Excellence in Financial Reporting for its 2017 comprehensive annual financial report from the Government Finance Officers Association of the United States and Canada.
The award is the highest form of recognition in governmental accounting and financial reporting, and its attainment “represents a significant accomplishment by a government and its management,” the GFOA said.
The City’s comprehensive annual financial report – or CAFR – is the annual financial audit of the City conducted by external auditors and approved by the City Council. The CAFR for the fiscal year that ended Sept. 30, 2017, demonstrates “a constructive spirit of full disclosure to clearly communicate its financial story,” the GFOA said.
The 2017 CAFR, along with that of prior years, can be read at cosatx.us/finance.
“Our citizens want assurances that their city government manages their public dollars with the utmost efficiency, effectiveness and transparency,” Finance Director Tina Dierschke said. “We hope that winning this accolade five years in a row gives them a high level of assurance that is indeed the case. We invite taxpayers who have questions about the City’s finances to go online and read our award-winning audit report.”
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals across North America.
The City Council will recognize the honor at its Dec. 11 meeting.
The City's Finance Department strives to meet a high standard of financial transparency by publishing records online. The City of San Angelo is a member of the Texas Comptroller Leadership Circle. The Texas Comptroller has granted the platinum award for financial transparency to the City of San Angelo.
The Finance Department provides management, direction and oversight of five divisions. The staffs of these divisions ensures that financial, technological, communication, procurement and budgetary accountability and needs are met for the entire organization.
The Accounting Division transacts the financial business of the City, provides for accurate and timely accounting, reports and documents those transactions, and safeguards and controls the assets of the City.
Billing & Receipts
The Billing & Receipts Division serves the citizens and the City of San Angelo through timely and accountable records of general accounts receivable, utility billing, cash receipts, and by offering a variety of payment options.
The Budget Division aims to control spending within the City's means, establish and maintain reserves, budget costs with all due transparency, and incorporate economic and long-term planning into the budget process.
The Information Technology Division provides quality and economical mainframe computer and personal computer support services. This mission includes mainframe hardware and software support, new application software services to users and technical assistance. These activities are designed to ensure effective utilization of mainframe technology and information systems to enhance the delivery of City services.
The Communications division, a subset of Information Technology, provides quality and economical communication and support services. This mission includes radio programming of hardware, equipment installation and end-user support by providing 24-hour technical assistance. These activities are designed to ensure effective utilization of radio, video, voiceover Internet protocol (VoIP) phones, and mobile data systems to enhance the delivery of City services.
The Purchasing Division provides to City divisions prices for equipment, materials, supplies and services by seeking competitive bids. Purchasing shall also assist divisions in their specific writing to secure fair and open competition and to assure that responsible bidders are given fair opportunity to compete for the City's business.