42 years of excellent financial reporting for the BOPU

Published on June 26, 2020

CHEYENNE, WY – Cheyenne’s Board of Public Utilities (Board) received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA). This year marks 42 consecutive years that the Board has received the highest form of recognition in governmental accounting and financial reporting. 

The GFOA awarded the certificate for meeting high standards in the Board’s Fiscal Year 2019 Comprehensive Annual Financial Report (FY2019 CAFR) and for demonstrating a constructive “spirit of full disclosure” to clearly communicate the financial status of Cheyenne’s water and sewer funds.

The FY2019 CAFR summarizes how the Board invested revenues, from water and sewer collections, back into Cheyenne’s water and sewer infrastructure. The report includes brief descriptions of major projects, a history of Cheyenne’s water development, a discussion and analysis of financial statements, and a report from an independent auditor. In short, the Board’s FY2019 CAFR describes the strength of Cheyenne’s water and sewer enterprise funds and is available to view online.

Randy Hays, Jack Lyman, Marci Smith, and Lynn Butts, of the Board’s administration and accounting divisions also received Awards of Financial Reporting Achievement. The award is given to persons responsible for maintaining financial records and for preparing the award-winning financial report.