Financial Reporting Award For McHenry County

McHenry County has earned awards from the Government Finance Officers Association of the United States and Canada (GFOA) for two of its financial reports.  The Certificate of Achievement for Excellence in Financial Reporting for the County’s Fiscal Year 2011 Comprehensive Annual Financial Report (CAFR) is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.  This award has been received for 14 consecutive years.

In addition, the County’s Popular Annual Financial Report (PAFR) received the Award for Outstanding Achievement for Popular Annual Financial Reporting, representing the 4th consecutive year of receiving this award

McHenry County Auditor Pam Palmer and Financial Reporting Manager James Bernier are primarily responsible for preparation of both the CAFR and the PAFR.  “The receipt of these awards supports the goal of my office to provide the citizens of McHenry County with relevant and timely financial information that is transparent and readily accessible.  The PAFR is especially useful to citizens, as it is a summary of the detailed CAFR, presented in a format that is easy to read and understand,” said Ms. Palmer.

The CAFR has been judged by an impartial panel to meet the high standards of the program. For the PAFR, a government unit must publish the report to conform to program standards of creativity, presentation, understandability and reader appeal. 

The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with office in Chicago, Illinois and Washington, D.C.

Citizens can view both the CAFR and the PAFR on the County’s website at www.co.mchenry.il.us under “Financial Reports”.

Government Watching

MONDAY AUGUST 23
8:15 AM – Human Resources Committee of the McHenry County Board, meets in the Conference Room of the County Administration Building, 667 Ware Road, Woodstock.
Budget reviews for those areas related to the HR Department will be reviewed. These include Employee Benefit Fund, Social Security Fund, and IMRF fund.
5:00 to 7:00 pm—The public of McHenry County College District is invited to welcome the new president, Dr. Vicky Smith at an open house. The location is the College's Atrium Building (Building A). The public is encouraged to share their thoughts about the college with the newly appointed president. This is also an opportunity to taste the culinary expertise of McHenry County College's Culinary Management Department.
7:00 p.m.—The McHenry County Board of Health meeting for this time has been cancelled.
TUESDAY, AUGUST 24
8:30 a.m.—Management Services Committee of the McHenry County Board, meets in the County Board room of the County Administration Building, 667 Ware Road, Woodstock.
A discussion is expected to be held on audio streaming services relative to the County Board meeting. In addition to an update on public McHenry County public information, budget reviews will also be conducted for county administration, county board and risk management.
9:30 a.m.—Finance and Audit Committee of the McHenry County Board meets in the conference room of the County Administration Building, 667 Ware Road, Woodstock. The committee is proposing approval for a request from Equity One Development Corporation for an extension of time to December 31, 2010 in order secure financing and added Volume Cap for a planned professional baseball stadium in Woodstock.
Another resolution before the committee for approval is to extend the closing date for bonds for the McHenry County Sportsplex to December 31 from September 30.
Also to be considered is a request by the Illinois Railway Museum for the County to act as local government sponsor for applying for funds available under the Illinois Transportation Enhancement Program to apply for funding for enhancements at the museum.
Budget reviews will also be taking place for the budgets of the Assessor, County Clerk, Treasurer, and the non-departmental revolving loan fund.
7:00 p.m.—Lakewood Village Board, Redtail Golf Club, 7900 Redtail Drive—In addition to the necessary consideration of paying bills and approval of financial statements, discussion is slated on the replacement design, of Water Tower One and Well House.
Actions are also expected regarding the bicycle trail on Huntley Road with approval for $40,000 for Phase Two Design work. Also for the same project approval is needed for a local match on the project through the Illinois Transportation Enhancement Program.
An Ordinance is also being considered to amending the potable water rates for the Village and also to amend the Class C Liquor License fee.