City of Sand Springs receives Excellence in Financial Reporting honor

Sand Springs, OK - The City of Sand Springs has received an Excellence in Financial Reporting Achievement from the Government Finance Officers Association (GFOA) for their Certified Annual Financial Report (CAFR). The award is the 30th consecutive year for the City of Sand Springs’ Finance Department to receive this honor, and covers the financial report for the year ending June, 2019. The CAFR reports are judged by GFAO, using an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate the City’s financial story, and motivate users to read and understand the CAFR.

“The GFAO’s Certificate of Achievement for Excellence in Financial Reporting 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,” stated GFAO’s Michele Levine from their office in Chicago, Illinois.

Click here to view the current CAFR on the City’s website.

Each year the City produces two financial reports, the CAFR (which is an exhaustive, audited depiction of the City of Sand Springs’ financial position) and the PAFR (Popular Annual Financial Report). The Popular Annual Financial Report will be released in early 2021 and provides brief, descriptive information about the City’s activities, community milestones, organizational structure and financial information.

“We are honored to receive this prestigious award for the 30th consecutive year,” said Kelly Lamberson, Finance Director. “Sand Springs has a long history of financial reporting excellence and we are happy to continue this tradition. This award is made possible by the diligence and commitment of the entire finance department and the great support of our City Council.”

For more information about the City of Sand Springs, please visit www.sandspringsok.org and follow the City’s social media on Facebook and Instagram for the latest updates.