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Paducah Receives Award for Financial Reporting
By West Kentucky Star Staff
PADUCAH - The Government Finance Officers Association of the United States and Canada has awarded the City of Paducah the Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report.

This is the 28th year Paducah has received the award. The CAFR, a voluntary document compiled by the City for review and grading, includes the city’s audit and various financial and statistical reports. Paducah’s recent award is for the fiscal year that ended June 30, 2018. 

"This achievement is a direct reflection on how the City of Paducah embraces the value of fiscal responsibility.  We actively pursue this award and compile the documents as part of our commitment to transparency and our quest to share Paducah’s financial story.” said City Manager Jim Arndt.
 
Finance Director Jonathan Perkins said the internationally recognized award is one element necessary for the City to maintain a strong S & P bond rating of AA-. 
 
In addition to the financial reports, the CAFR includes an artistic element on the cover.  Since the early 1990’s, the City has commissioned Janice Crosno of Paducah to provide a pen and ink drawing of a site unique to Paducah.  Crosno drew a barge on the Ohio River for the most recent CAFR.  The drawings are displayed in the Finance Department at City Hall.
 
To read the CAFR, visit http://paducahky.gov/city-audit-comprehensive-annual-financial-report.

Published 10:50 AM, Friday Aug. 09, 2019
Updated 10:54 AM, Friday Aug. 09, 2019

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