DRPA Recognized for Excellence in Financial Reporting
For the 26th consecutive year, the Government Finance Officers Association of the United States and Canada (GFOA) recently awarded the Certificate of Achievement for Excellence in Financial Reporting to the Delaware River Port Authority for its 2017 Comprehensive Annual Financial Report (CAFR).
The Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting, and its attainment represents a significant accomplishment by the Authority and its management.
“The Authority has worked hard over nearly three decades to demonstrate commitment to prudent stewardship over our financial assets,” said James M. White, DRPA Chief Financial Officer/Treasurer. “We are honored to once again be presented with this award that pledges our obligation of excellence in financial reporting.”
The GFOA established the program to encourage all government entities to go beyond the minimum requirements of generally accepted accounting principles and to prepare easily readable and comprehensive annual financial reports that evidence the spirit of transparency and full disclosure.
“I am extremely proud of the work of the finance division and the support of the entire organization in accomplishing our financial goals. Together, we continue to write a compelling public service success story,” said White.
The reports submitted to the CAFR program are reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee (SRC), which consists of individuals with expertise in public sector financial reporting and includes financial statement preparers, independent auditors, academics and other finance professionals.
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