According to a news release, the certificate 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 award, judged by an impartial panel, was presented to the city's contracted finance director, Brad J. Falteysek.
The Government Finance Officers Association is a nonprofit association serving about 17,500 finance professionals with offices in Chicago and Washington, D.C.