The City of Powell Finance Department has once again been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA.)
The GFOA recognized the City of Powell for its annual comprehensive financial report for the fiscal year ended December 31, 2021. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.
The department, led by Finance Director Rosa Ocheltree, supports Powell residents and area businesses by collecting, depositing and investing all city funds. It is also responsible for accounting and finance reporting of all city operations, as well as, levying property and income tax within its boundaries.
The Certificate of Achievement 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.
The GFOA has more than 21,000 members across North America.
Click here for more information on the Finance Department.