SUGAR GROVEâ€”For the 10th consecutive year, Waubonsee Community College received the Certificate of Achievement for Excellence in Financial Reporting award from the Government Finance Officers Association of the United States and Canada (GFOA).
The award recognizes excellence in the area of governmental accounting and financial reporting. Waubonsee is one of 16 community colleges in Illinois to receive the award for fiscal year 2008, and one of just 62 colleges and universities in the U.S. to receive it. All Illinois colleges receiving the award this year were community colleges. Overall, Illinois ranks first in number of college and university awards received, and fifth in total number of awards received.
According to a GFOA panel, the collegeâ€™s comprehensive annual financial report met the high standards of the program, including demonstrating a constructive â€œspirit of full disclosureâ€ to clearly communicate its financial story and an understanding of its financial affairs.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago and Washington, D.C.