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NEW CASTLE – Awarded by the Government Finance Officers Association of the United States and Canada (GFOA) Delaware River Bay Authority (DRBA) Earned the Certificate of Outstanding Performance in Financial Reporting in the Annual Comprehensive Financial Report (ACFR) for the financial year ending December 31, 2022. DRBA has now achieved this recognition for 18 consecutive years.
The individuals primarily responsible for the development and submission of the award-winning ACFR, Finance Director Joseph LaRotonda, Comptroller James Danna, and Senior Accountant Michelle Cleary, received the Financial Reporting Achievement Award. Other members of the finance team who worked on this application included Financial Operations and Revenue Audit Manager Ginger Gould, Senior Accountant Monica Creamer, Accountants Camille Dinon and Anik Yetter, and Accounting Specialist Michelle Huney. Includes Kat, Christopher Giuliano, and Joshua King.
DRBA Chief Financial Officer Victor Ferzetti said in a statement: “We are extremely proud of the consistent performance of our finance function year after year and how it supports and accounts for financial activities across the organization. I’m proud,” he said in a statement. “Each year, our goal is to produce the authority’s financial information for our stakeholders in an easy-to-read and organized manner. We are once again proud to receive this prestigious award.”
Certificates of Achievement are the highest form of assessment in government accounting and financial reporting, and their achievement represents a significant accomplishment by the government and its management. The program goes beyond requiring state and local government agencies to meet minimum reporting requirements by providing an easy-to-read, easy-to-understand annual comprehensive financial report that covers all government funds and financial transactions during the fiscal year. It was founded in 1945 to encourage the creation and publication of books.
Award decisions are made after an impartial panel determines that the report meets high standards. This includes clearly telling the financial story and demonstrating a constructive “spirit of full disclosure” to motivate potential users or user groups to read the report.
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