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Kirkland News Room

City Honored for Financial Reporting

Contact: Michael Olson
Director of Finance and Administration 

KIRKLAND, Wash. – For the twelfth consecutive year, the City has received the Government Finance Officers Association (GFOA) Certificate of Achievement for Financial Reporting. This award is for the Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended December 31, 2015. 

Mayor Amy Walen recognized the dedication of the City’s Finance and Administration Department during the September 19, 2017, City Council Meeting. Teresa Levine, Accounting Manager, and members of her team were present to accept the award, as was Director of Finance and Administration Michael Olson. 

“We’re very proud of maintaining our Triple-A credit rating, and we’re very proud of our clean audit,” said Mayor Amy Walen. “It takes a lot of work and professional excellence.”

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and it demonstrates the City’s commitment to transparency and full disclosure. 

The City also received clean audit opinions for three annual audits conducted by the State Auditor’s Office for 2016 including the Accountability audit, Financial Statement audit and Federal grant compliance audit. The State Auditor’s Office commended Kirkland for not having any findings or management letter comments given the size and complexity of the City.