CLERK & COMPTROLLER FINANCIAL REPORTS RECEIVE TOP AWARDS
Financial literacy for residents a priority for Clerk & Comptroller Sharon Bock
WEST PALM BEACH, FL (December 2, 2013) – When Clerk & Comptroller Sharon Bock was first elected in 2004, one of her top priorities was educating Palm Beach County residents about government finance and bringing transparency to how their tax dollars are spent.
That led to the creation of Checks and Balances: Your Guide to County Finances, an easy-to-read citizen’s report on Palm Beach County’s finances. And for the seventh consecutive year, the Clerk & Comptroller’s office earned the prestigious “Outstanding Achievement in Popular Annual Financial Reporting” from the Government Finance Officers Association (GFOA), this time for the Fiscal Year 2012 version of the annual financial guide.
“For government to work best, citizens need to understand how their tax dollars are budgeted and spent. That’s why we created Checks and Balances – to give Palm Beach County residents a guide to understand government finance,” Clerk Bock said. “I’m pleased that the GFOA continues to recognize the importance of providing financial information in a user-friendly, accessible manner.”
Also recognized by the GFOA for the 24th consecutive year was the Comprehensive Annual Financial Report (CAFR), also produced each year by the Clerk’s office. The report received the association’s prestigious “Certificate of Achievement for Excellence in Financial Reporting” for the Fiscal Year 2012 version of the CAFR.
This is the third time this year the GFOA has recognized the Clerk’s office for excellence in financial reports. In June, the office received the “Distinguished Budget Presentation Award,” the highest honor given by the GFOA.
The Checks and Balances guide, a retrospective look at FY 2012, contains useful information about how Palm Beach County tax dollars are spent, economic factors that affect county revenues, and how property taxes are calculated. The information is drawn mostly from the more detailed CAFR. Both reports are produced at the end of each fiscal year and are available, along with other financial information, on the County Financial Reports section of www.mypalmbeachclerk.com.
The GFOA is a nonprofit professional association which offers benchmarking and independent analysis of public accounting practices and financial reporting. As the independently elected Chief Financial Officer of the County, the Clerk & Comptroller’s office provides a check and balance as the accountant, treasurer and auditor, handling finances, investments and County financial reporting.
For more information about the Clerk’s office, please visit www.mypalmbeachclerk.com or call
The Florida Constitution established the independent office of the Clerk & Comptroller as a public trustee, responsible for safeguarding public records and public funds. Clerk Sharon Bock is directly elected by and accountable to Palm Beach County residents. In addition to the roles of Clerk of the Circuit Court, County Recorder and Clerk of the Board of County Commissioners, the Clerk & Comptroller is the Chief Financial Officer, Treasurer and Auditor for Palm Beach County.
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