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Local News

Will County earns award for excellence in financial reporting for 17th consecutive year

The Government Finance Officers Association of the United States and Canada awarded Will County the Certificate of Achievement for Excellence in Financial Reporting for its 2017 Comprehensive Annual Financial Report.

The certificate of achievement is the highest form of recognition in the area of government accounting and financial reporting, and it represents a significant accomplishment by the county and its management, according to a news release.

“I am very proud of our Finance Director Karen Hennessy and her staff for their commitment and diligence in overseeing the day-to-day financial operations of Will County government,” County Executive Larry Walsh said. “I am proud that each year Will County is able to operate with a balanced budget while providing quality services for our residents.”

After Will County submitted its 2017 CAFR, it was judged by an impartial panel based on the high standards of the program, which include demonstrating a constructive “spirit of full disclosure” and clearly communicating its financial story.

This is the 17th year in a row Will County has received the award, the release said.

“Will County consistently has maintained a AA-plus bond rating, which is directly related to our strong financial management and stewardship of county funds,” Walsh said. “This favorable rating helps the county secure competitive bond rates to fund our large-scale projects. I am proud Will County remains fiscally responsible.”

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