The city of Killeen earned two national awards from the Government Finance Officers Association for its financial reporting in 2016, according to a city news release.
The city was awarded the Certificate of Achievement for Excellence in Financial Reporting for its 2016 Comprehensive Annual Financial Report and the Distinguished Budget Presentation Award for its fiscal year 2016-17 annual budget presentation, the city said.
The finance organization’s honors were announced a week after auditors reported Killeen had been overspending for more than a decade and had significant flaws in its management, policies, disclosures and recordkeeping.
The difference in results is the group providing honors looks at budgets and annual financial reports provided by the cities. The management audit examined city documents in depth.
“It is an honor to have the efforts of City Council and staff recognized nationally,” City Manager Ron Olson said in the release. “Financial responsibility in planning, managing and reporting is a top priority and is essential to the City of Killeen’s success.”