Industry Expertise

BlumShapiro Helps City Achieve Certificate of Excellence in Financial Reporting
A municipality that had recently experienced significant turnover in its financial department found itself in danger of missing an important filing deadline, jeopardizing its Certificate of Excellence in Financial Reporting as designated by the Government Finance Officers Association. This municipality lost its accounting manager, payroll supervisor and one accountant during a span of about six months. Adding to its difficulties, the possibility of losing the Certificate of Excellence due to missed or repeated extensions of reporting deadlines could lower the town's standing in financial circles and impede its ability to make appropriate budgeting decisions.