Supervisor Anthony J. Santino announced today that the Town of Hempstead is the recipient of the prestigious “Excellence in Financial Reporting Award,” presented by the independent and non-partisan Government Finance Officers Association (GFOA) for the 2014 fiscal year. The award is the highest municipal finance honor, which recognizes governments that evidence the highest standards of fiscal management and budgetary transparency.
“We’re proud that GFOA’s respected independent accounting professionals are recognizing our town for a 12th straight year,” Santino said. “The award represents our township’s dedication to transparency, accountability and forthrightness in fiscal reporting.”
The GFOA issued the award upon receiving Hempstead Town’s Comprehensive Annual Financial Report (CAFR). According to GFOA, the CAFR was judged by an impartial panel to meet the high standards of the program, including “demonstrating a constructive ‘spirit of full disclosure’ to clearly communicate its financial story.”
Despite the challenges faced by governments from the region throughout recovery from natural disasters like Superstorm Sandy and Hurricane Irene, Hempstead Town is still gaining acclaim from independent financial analysts from across the continent. Among the practices that assist the Town in reaching its goals include controlling costs and eschewing fiscal gimmicks.
“Responsible and transparent fiscal management is paramount to us at Hempstead Town,” Santino said. “While we’re controlling costs and keeping an eye on the bottom line, we pride ourselves on continuing to provide high quality services and programs for residents of America’s largest township.”