Prescott Valley Receives Financial Audit Honor

Article audio is made possible by CAST11 Prescott Podcast Network. A Talking Glass Media production.

The Town of Prescott Valley Finance Department is pleased to announce the results of its annual fiscal year audit, which earned an “unmodified opinion,” the highest standard that can be awarded through the audit process.

An unmodified opinion means the auditor concludes that the financial statements of a given entity are presented fairly, in all material respects, in accordance with generally accepted accounting principles.

Heinfeld, Meech & Co, PC conducted the audit for the fiscal year ending June 30, 2022.

The Town has received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting award for the Annual Comprehensive Financial Report (ACFR) each year since fiscal year 1996-1997. It has earned the Distinguished Budget Presentation Award for its Budget Book each year since fiscal year 2001-2022, and the Popular Annual Financial Reporting (PAFR) Award since fiscal year 2011-2012, giving it the GFOA Triple Crown designation. Prescott Valley is one of only 317 government entities to receive the Triple Crown award.

The PAFR award is given to state and local governments that extract information from their annual comprehensive financial reports to produce high-quality financial reports specifically designed to be readily accessible and easily understandable to the general public and other interested parties without a background in public finance. The Town’s fiscal year 2021-2022 PAFR as well as all other financial reports are available online at https://www.prescottvalley-az.gov/239/Financial-Reports.

“A tremendous thanks to our Finance team for their incredible work. One of the Town’s most important obligations on behalf of our citizens is to ensure their tax dollars are responsibly invested in the community,” said Town Manager Gilbert Davidson.