News Release

LCG Receives Prestigious Financial Reporting and Budget Awards
Posted: 11/20/2018 11:00 AM
 

The Government Finance Officers Association (GFOA) has once again awarded Lafayette Consolidated Government (LCG) with the Certificate of Achievement for Excellence in Financial Reporting for the fiscal year ended 2017. This is the third year in a row that LCG has received the honor.

The Comprehensive Annual Financial Report (CAFR) Program encourages governments to go beyond the minimum requirements of generally accepted accounting principles and prepare transparent, comprehensive financial statements that provide users with the information they need to assess the entity’s financial health. 

Upon notification of the honor, Lafayette Mayor-President Joel Robideaux praised LCG’s Chief Financial Officer Lorrie Toups for her leadership; “I am proud of Lorrie and her staff as they continue to put forth tremendous efforts to be supportive, transparent and conscientious. Taxpayers should feel confident knowing we have such a dedicated CFO who guides us through these complex financial processes.”

 

LCG’s CAFR can be found at http://www.lafayettela.gov/Finance/Pages/Accounting.aspx or https://www.lafayettebonds.com.

GFOA also recognized LCG with the Distinguished Budget Presentation Award for the budget beginning November 1, 2017. This is the fifth consecutive year in which LCG has received this distinction under Toups’ direction. According to GFOA’s guidelines, the award represents a significant achievement by the entity and reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting.

LCG was one of only 15 governing entities in Louisiana to receive the award this year, satisfying nationally recognized guidelines for effective budget presentation. These guidelines require that a government’s budget document be rated as "proficient" in serving as a policy document, a financial plan, an operations guide and as a communications device. Other award recipients include parishes, cities, school boards, and other governmental bodies from around the country.