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News Release

AND THE WINNER IS…GOVERNMENT TRANSPARENCY

Clerk Bock’s Financial Reporting is Recognized for Excellence at Critical Time

WEST PALM BEACH, FL (January 28, 2009) – Clerk & Comptroller Sharon Bock’s commitment to financial transparency and accountability was again recognized for excellence. For the second year in a row, the easy-to-read Checks & Balances: Your Guide to County Finances has received the “Outstanding Achievement in Popular Annual Financial Reporting” award from the Government Finance Officers Association. Only a handful of government agencies from across the nation receive the award each year and Checks & Balances for Fiscal Year 2007 received a nearly perfect overall score. 

Clerk Bock produces a citizens’ report on Palm Beach County finances in an effort to make government more transparent and understandable. The annual document contains user-friendly information about County revenue, expenses and even the newsworthy topic of how bonds are issued. The condensed and simplified information is drawn mostly from the office’s Comprehensive Annual Financial Report, a detailed financial report the office produces at the end of each fiscal year that is also award-winning. For an impressive 19th straight year, the CAFR for FY2007 received the GFOA’s “Certificate of Achievement for Excellence in Financial Reporting.” 

“With a struggling economy and the recent indictment of another elected official, it’s more important than ever for citizens to know how their tax dollars are managed,” said Clerk Bock. “Our award-winning financial publications give the public the tools to understand and participate in the financial decisions of government.”

The CAFR, Checks & Balances, a more detailed Annual Debt Guide and many other financial publications are available on the Clerk & Comptroller’s Web site, www.mypalmbeachclerk.com. Look for the next edition of Checks & Balances and the CAFR this spring.

 The GFOA is a nonprofit professional association with approximately 16,000 government finance members, offering benchmarking and analysis of public accounting practices and financial reporting.  As the elected, independent 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.

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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