Palatine earns financial reporting award

Palatine has been awarded the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report for the fiscal year ending in 2022., village officials recently announced.

Given by the Government Finance Officers Association of the United States and Canada, it’s the highest form of recognition in the area of governmental accounting and financial reporting.

A CAFR report contains details about all of the government's financial activities, including its balance sheet (like assets and debt liabilities), expenditures (such as employee salaries or infrastructure costs), and revenues (taxes, grants, service fees, etc.).