Algonquin's Financial Reporting Recognized

The mere words “Comprehensive Annual Financial Report” may cause boredom or drowsiness for the average person.

But Algonquin’s comprehensive annual financial report is anything but boring or sleep inducing.

The village’s efforts to make that report easy to follow has garnered it another Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA).

GFOA looks at how villages clearly communicate finances and provide a clear report that will motivate residents and tax payers to read the annual financial report. An impartial panel also evaluates whether a municipality is doing its best to provide full disclosure, according to a village press release.

Algonquin is one of 136 Illinois municipalities and one of six in McHenry County to receive the prestigious certificate, the press release stated.

Algonquin’s Comprehensive Annual Financial Report for fiscal year 2011-2012 is available online.