Franklin — The city of Franklin was awarded a Certificate of Achievement for its 2015 Comprehensive Annual Financial Report (CAFR). This is the 23rd year in a row that the city has received the award.
Each year, the Government Finance Officers Association (GFOA) gives the certificate to municipalities to recognize their excellent financial reporting and the staff who worked to put the CAFR together.
"Franklin has been well served over the years by quality financial directors to receive this award as long as it has. This award speaks to the quality of the financial staff Franklin has serving the community," said Paul Rotzenberg, Franklin's Treasurer and Director of Finance, who began working with the city in 2013.
The CAFR is typically over 100 pages in length. Rotzenberg, who puts together the document every year, says it requires two to three weeks to complete.
Every year, a panel of four reviewers from the GFOA check a city's submitted CAFR to see if it is keeping up with new reporting requirements and accurately reports financial information. The cities who meet the high standards are then awarded a certificate.
According to Jim Phillips, a Senior Manager at the GFOA's Technical Services Center, it is quite an accomplishment for a city to receive the certificate for over 20 years.
Franklin first received the award in 1992. Only three other municipalities in Wisconsin have been receiving the award longer than Franklin: Eau Claire, Green Bay, and Neenah.
"I am extremely proud of the work that Paul and his staff do on a daily basis providing excellent stewardship of the money provided by the taxpayers," said Mayor Steve Olson. "Paul and his staff exhibit exceptional professionalism and skill in their accounting of these resources and they constantly work to provide clarity for our constituents in the uses of their funds. This award recognizes their skills and is well deserved."