TO: Mayor and Town Council
SUBJECT: Certificate of Achievement for Excellence in Financial Reporting for the Town of Chapel Hill’s 1999-2000 Comprehensive Annual Financial Report
DATE: May 21, 2001
The Government Finance Officers Association has announced that the 1999-2000 comprehensive annual financial report for the Town of Chapel Hill qualifies for a Certificate of Achievement for Excellence in Financial Reporting. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting.
The Town also received the Distinguished Budget Presentation Award for the same fiscal year. Only 37 of North Carolina’s 627 units of government received both the Certificate of Achievement and the Distinguished Budget Presentation Award.
The Certificate of Achievement plaque will be shipped to the Town in approximately eight weeks.
1. May 11, 2001 Letter from the Government Finance Officers Association to W. Calvin Horton (p. 2).
2. News Release from the Government Finance Officers Association (p. 3).