October 3, 2017
TAHLEQUAH, Okla. — For the 16th straight year, the Cherokee Nation received the Certificate of Achievement for Excellence in Financial Reporting, and also the Outstanding Achievement in Popular Annual Financial Reporting award for the fifth consecutive year.
The awards are the highest honors given to governments for stellar financial reporting and accounting by the Government Finance Officers Association.
“We are proud Cherokee Nation once again earned this national award for due diligence and excellence when it comes to fiscal reporting and accounting,” said Cherokee Nation Deputy Chief S. Joe Crittenden. “Our tribal government has been recognized year after year for our unwavering commitment to responsible financial stewardship. That is a real testimony to the work of Cherokee Nation’s Financial Resources Department.”
To earn the Comprehensive Annual Financial Report (CAFR) award, an impartial panel of judges reviewed an audit of the tribe’s 2016 fiscal year financial operations and all its businesses and nonprofit components, ensuring they met the highest standards, including transparency.
The Popular Annual Financial Report (PAFR) award is a condensed version of the CAFR and is judged on reader appeal, understandability, distribution method, creativity and overall quality.
“Being recognized for the 16th straight year by the Government Finance Officers Association is an outstanding achievement,” said Cherokee Nation Treasurer Lacey Horn. “I want to thank the talented staff of Financial Resources, the Cherokee Nation’s program finance staff and the finance departments of the tribe’s subsidiaries for their dedicated service. Each and every staff member works diligently to be a good steward of the Cherokee Nation’s money, and this recognition affirms that dedication.”
Cherokee Nation Financial Resources not only oversees the tribe’s operating budget, but also the accounting and maintenance of multiple federal grants, employee payroll and the purchasing department.
The Government Finance Officers Association has offices in Chicago and Washington, D.C., and serves about 18,000 government professionals. It started the CAFR award program in 1945 to encourage state, local and tribal governments to go beyond the minimum accepted accounting requirements.
The PAFR award program was established in 1991 to encourage governments to produce financial reports that are readily accessible and easily understandable to the general public and other interested parties.
To view the Cherokee Nation’s 2016 award-winning CAFR and PAFR, visit www.cherokee.org and click under the About the Nation and Annual Reports tabs.