The Public Building Commission (PBC) announced today that for the sixth consecutive year, the PBC has been awarded the prestigious Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) in recognition of outstanding accounting and financial reporting and management.
The award came after the PBC submitted its annual Comprehensive Annual Financial Report or CAFR for the fiscal year ending December 31, 2014.
“This is the highest form of recognition that a government agency can receive for its accounting and financial reporting and management I am proud that the PBC has once again been acknowledged for its excellent work in this area,” said Felicia S. Davis, Executive Director of the Public Building Commission. “As the GFOA noted in conveying the certificate to us, this represents a ‘significant accomplishment’ and I am pleased that our staff once again has been able to meet the high standards set by the GFOA. As a public developer, we are entrusted with public resources and we understand the importance of this responsibility. This recognition from the GFOA demonstrates that we remain committed to the highest level of accountability and transparency in managing and reporting how we spend taxpayer-supported dollars.”
The GFOA announced the award in late December, and the official certificate of achievement was presented to the PBC Board of Commissioners at its regular monthly meeting on January 12. The GFOA noted that the PBC’s submittal of its comprehensive annual financial report (CAFR) demonstrates that it is working in the “spirit of full disclosure.”
About the Public Building Commission: The Public Building Commission of Chicago manages construction and renovation projects for the City of Chicago and its sister agencies. Mayor Rahm Emanuel serves as the PBC’s chairman. Felicia S. Davis serves as the Executive Director of the PBC. Additional information about the PBC and its projects can be found at www.pbcchicago.com. You can also follow the Public Building Commission of Chicago on Twitter, Facebook, LinkedIn, Pinterest and Flickr.