Financial Reports

Annual Comprehensive Financial Reports

The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Village of Montgomery for its Annual Comprehensive Financial Report for the fiscal year ending April 30, 2020. This was the 18th consecutive year that the Village received this prestigious award. To be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized Financial Report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for one year only. We believe that our current Annual Comprehensive Financial Report continues to meet the Certificate of Achievement program’s requirements. We are submitting it to the GFOA to determine its eligibility for a 19th certificate.

Interim Financial Reports

The Village monitors its revenues and expenditures throughout the year to ensure that it is achieving the goals set by the annually adopted budget. Staff reviews interim financial reports every month.