Kill Devil Hills awarded for excellence in financial reporting for 34th consecutive year
Published 11:27 am Monday, October 10, 2022
The Kill Devil Hills Finance Department has been honored for excellence in financial reporting for the 34th consecutive year.
The department is responsible for maintaining the financial integrity of the town and providing a wide range of financial support services. One of those responsibilities requires the department to prepare and present a complete set of financial statements annually, in conformity with generally accepted accounting principles and governmental accounting standards to the North Carolina Local Government Commission. The statements must be audited by an independent licensed certified public accountant to assure that the town’s financial statements are free from material misstatement.
The compiled statements resulted in the town’s finance department producing an annual comprehensive financial report (ACFR), for which Kill Devil Hills was recently awarded the Certificate of Excellence in Financial Reporting for the 34th consecutive year for the fiscal year that ended on June 30, 2021.
The award was issued by the Government Finance Officers Association of the United States and Canada. The ACFR was 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 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 achievement of this award was largely supported by the Town’s Mayor and Board of Commissioners, who have held high standards of professionalism in the management of the Town’s finances,” stated the announcement of the award. “The Kill Devil Hills Finance Department continues to maintain a high priority on both the delivery of services and financial stability to our citizens and visitors.”