Cartersville government wins finance award
by Jason Lowrey
Aug 26, 2012 | 1454 views | 0 0 comments | 17 17 recommendations | email to a friend | print
Cartersville’s Finance Director Thomas Rhinehart accepted an award recognizing the city for its comprehensive annual finance report. The award, called The Certificate of Achievement for Excellence in Financial Reporting, was awarded by the Government Finance Officers Association of the United States and Canada. The award, according to a City of Cartersville press release, “is for “demonstrating a constructive ‘spirit of full disclosure.’”

The certificate is the highest recognition of governmental accounting and financial reporting. As the association recognized Rhinehart for being the primary person responsible for the report, he was presented with the award.

“It is a significant award to be given to a city,” Rhinehart said. “You can apply for it, but just because you apply for it and pay your fees for it doesn’t mean your CAFR is going to receive the award. It does have to go through some stringent grading.

This is the fifth year Cartersville has won the award while Rhinehart has served as finance director. He was sure Cartersville had won it prior to his employment, but he was still proud of his staff’s achievement.

“It’s an honor because there’s a lot of hard work not only on my staff — finance department staff — but it’s a big honor for the whole city,” he said.

Rhinehart said his department always strives for transparency when reporting on the city’s finances, and added the award was worth more than just prestige.

“For instance, getting one of those awards can help the city, for example, to receive and get better rates when we go to sell bonds and things like that. So it is a very big to do, if you will.”