City of Presque Isle Wins Award for Excellence in Financial Reporting

The City of Presque Isle recently received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report. This marks the 16th time in 17 years the City has received this award.

GFOA was founded in 1906 and represents approximately 18,000 public finance officials throughout the United States and Canada. Its mission is to enhance and promote the professional management of government resources by identifying, developing and advancing fiscal strategies, policies and practices to the public benefit.

The Certificate for Excellence in Financial Reporting was established in 1945 to recognize state and local governments that exceed the minimum requirements of generally accepted accounting principles and prepare annual financial reports that are transparent and provide full disclosure.

Priscilla “Pat” Webb has served as the Director of Finance for the City of Presque Isle for eight years. Webb holds a Bachelor’s Degree in Education and Business Administration with an emphasis in Accounting. Prior to joining the City, she worked in the banking industry for 20 years serving as a Chief Financial Officer and Comptroller. In addition, she worked as a Certified Public Accountant for ten years.

“It takes several people to win this award each year from the department heads and their staff to the auditors, Webb stated. “Everyone who played a part should be very proud of his or her good work and effort that was involved.”

For more information on the GFOA and its award programs, visit www.gfoa.org.

This story was submitted to us as a press release. If you would like to share your community news with our audience, please email newspi@townsquaremedia.com.