2008 Excellence in Financial Reporting

In February 2009, Worthington Libraries' 2008 Comprehensive Annual Financial Report (CAFR) was recognized with a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA), as well as the State Auditor's "Making Your Tax Dollars Count" award.

Library receives financial awardLess than 10 percent of government entities in the United States, and only five library systems in Ohio, prepare an annual CAFR. It is prepared using generally accepted accounting principles for governments and contains financial statements and other financial and statistical data that provide complete and full disclosure of all material financial aspects of Worthington Libraries. The complete CAFR document is available for public review online.

The GFOA is a national organization that presents the Certificate of Achievement for Excellence in Financial Reporting award after the CAFR has been reviewed by three financial professionals from various parts of the country. It is awarded to government units (cities, counties, libraries, etc.) whose CAFR achieves the highest standards in government accounting and financial reporting. A government entity in Ohio must receive the GFOA award before it can be considered for the State Auditor's "Making Your Tax Dollars Count" award. It is possible for a government entity in Ohio to receive the GFOA award and still have some audit issues that prevent it from receiving the State Auditor's award.

Receiving both of these awards places Worthington Libraries in very elite company. Less than five percent of government agencies nationally receive the GFOA award and fewer than five percent of all government agencies in Ohio receive the State Auditor's award.

The "Making Your Tax Dollars Count" award states, "You are a trustworthy guardian of taxpayer dollars and deserve the highest amount of recognition for your vigilance. The 2007 Comprehensive Annual Financial Report demonstrates your commitment to careful spending, accurate fiscal reporting and efficiency. You are truly a model for government entities throughout the state of Ohio."

Worthington Libraries Director Meribah Mansfield states, "Careful stewardship of public funds is extremely important to everyone associated with the Library. Preparing the CAFR was rigorous, but well worth the effort of all the staff involved. We're so pleased that our hard work was recognized with these awards and that the community can review the document online to learn more about how their tax dollars are spent."