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Posted on: July 30, 2020

Norfolk Finance Department Receives National Recognition

GFOA Certificate of Achievement for Excellence in Financial Reporting received for both the City of Norfolk and the Norfolk Employees’ Retirement System

NORFOLK, VA – The City of Norfolk’s Finance Department and the Norfolk Employees’ Retirement System each received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for the City’s FY 2019 Comprehensive Annual Financial Report (CAFR) and the 2019 Employees’ Retirement System Financial Report this week. It is the 34th consecutive year the city has received the recognition for its CAFR and the 15th consecutive year the Norfolk Employees’ Retirement System has been recognized.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and receiving it represents a significant accomplishment by a government and its management.

The city met the Commonwealth’s deadline of November 30 due to the commitment of the Department of Finance’s Financial Reporting division leading the production of the CAFR and for their continual high standards in financial reporting.

The certificate awarded to the Norfolk Employees’ Retirement System shows the high standards that NERS meets in its financial reporting and serves to confer confidence to their members that their retirement fund is soundly managed and that they are accountable stewards of the funds in their care.

The award-winning 2019 FY CAFR and NERS CAFR are available online.

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