The Star-Herald

City earns financial reporting award

PRESQUE ISLE, Maine — The City of Presque Isle recently received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report.  This marks the 18th time in 19 years the city has received this award.  

Priscilla “Pat” Webb, Presque Isle’s director of finance for 10 years, holds a Bachelor’s Degree in education and business administration with an emphasis in accounting.  Prior to joining the city, she worked in the banking industry for 20 years serving as a chief financial officer and comptroller.  In addition, she was a certified public accountant for 10 years.  

“It takes several people to win this award each year, from the department heads and their staff to the auditors,” Webb said. “Everyone who played a part should be very proud of his or her good work and effort that was involved.”

Michele Mark Levine, director/TSC for the GFOA, stated, “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.”

Founded in 1906, GFOA represents approximately 18,000 public finance officials throughout the U.S. and Canada.  Its mission is to enhance and promote the professional management of government resources by identifying, developing and advancing fiscal strategies, policies and practices to the public benefit. The GFOA is headquartered in Chicago with offices in Washington, DC.   

The Certificate for Excellence in Financial Reporting was established in 1945 to encourage local governments to exceed the minimum accounting requirements and prepare annual financial reports that are transparent and provide full disclosure; and then to recognize individual government entities that achieve that goal.
Additional information in the GFOA and its award programs, visit www.gfoa.org.  For more information about the city, please visit www.presqueislemaine.gov or call (207) 760-2700.  

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