Excellence in Financial Reporting - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Excellence in Financial Reporting

Excellence in Financial Reporting

Posted: Updated:

For the 33rd year running, the city of Minot has been awarded the Certificate of Achievement for Excellence in Financial Reporting.

The Government Finance Officers Association evaluates the city's Comprehensive Annual Financial Report or the CAFR for understandability and readability.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting.
Finance Director Cindy Hemphill credits her staff and she says in the first of her six-and-a-half years as director, it was a lot of pressure to ensure Minot continued receiving the award.
She says 33 years of recognition for Minot is a testament to the system's efficiency.

(Cindy Hemphill, Minot City Finance Director) "As the city grows and as our budget grows it becomes more and more difficult to be sure that we have every 'i' dotted and every 't' crossed, making sure our numbers do match."

(Cindy Hemphill, Minot City Finance Director) "There are certain audit standards that we have to adhere to. OMB-Circular-133 for the accounting geeks out there, they'll know what that is. The more money that we have, we have to make sure that everything is accounted for properly. The independent auditors really look at that closely."

Hemphill says the CAFR is a time consuming process --- compiled from January to April.

  • Minot/Williston NewsMore>>

  • One Killed, Nine Injured in Two Traffic Accidents

    One Killed, Nine Injured in Two Traffic Accidents

    Thursday, July 24 2014 10:02 AM EDT2014-07-24 14:02:47 GMT
    One person was killed and nine others were injured in two separate traffic accidents early Wednesday morning.
    One person was killed and nine others were injured in two separate traffic accidents early Wednesday morning.
  • Fair Attendance Jumps

    Fair Attendance Jumps

    Wednesday, July 23 2014 8:21 PM EDT2014-07-24 00:21:41 GMT
    State Fair attendance numbers are inching toward a comeback with the biggest Tuesday attendance in fair history.
    State Fair attendance numbers are inching toward a comeback with the biggest Tuesday attendance in fair history.
  • KX Coop Day Promotes Cooperation

    KX Coop Day Promotes Cooperation

    Wednesday, July 23 2014 8:15 PM EDT2014-07-24 00:15:25 GMT
    It was KX Coop day at the North Dakota State Fair...Dozens of regional cooperatives gathered under the big top to greet customers and give away prizes.
    It was KX Coop day at the North Dakota State Fair...Dozens of regional cooperatives gathered under the big top to greet customers and give away prizes.
Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.