News Releases

Posted on: October 6, 2016

City of Pocatello Finance Dept. Recognized for Excellence in Financial Reporting

Pocatello Finance Awards

The City of Pocatello Finance Department is finding itself at the top in the governmental accounting world. Recently, the department was awarded the Certificate of Achievement for Excellence in Financial Reporting for their work on the Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2015 by the Government Finance Officers Association of the United States and Canada (GFOA). The certificate is the highest form of recognition in governmental accounting and financial reporting. Fiscal Year 2015 marks the 12th consecutive year that the department has received the certificate. “We’re honored to receive the certificate and I’d like to thank the members of the Finance Department for the hard work and effort,” said Joyce Stroschein, Chief Financial Officer. The CAFR is judged by an impartial panel and the report must demonstrate a “spirit of full disclosure” to clearly communicate the City’s financial story and encourage people to read the CAFR. The department was also able to keep its streak running for another accolade. For the 11th year in a row, GFOA presented the office with the Award for Outstanding Achievement in Popular Annual Financial Reporting. These documents must display creativity, presentation, understandability, and reader appeal, and the award recognizes the City’s exemplary work on the Popular Annual Financial Report (PAFR). “For many residents, accounting can be difficult to understand,” Stroschein said. “What the PAFR does is take the comprehensive numbers and distills them into a document that clearly explains how the City accounts for all its transactions.” The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals. To read the reports, visit pocatello.us/finance.

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