Tuesday, August 21, 2012

Financial Transparency & Enterprise Operations

The Northern Virginia Regional Park Authority generates 83% of its operating revenues through enterprise operations. This puts NVRPA in the top 1% of park agencies in the nation when it comes to offering the citizens a very high value for that amount of tax funds that support the agency.

Because we are so dependant on generating our own operating funds, we spend a lot of time focusing on how best to serve our customers and improve our offerings.

We also put a high value on financial transparency. We want the public to be able to understand our budget and finances because it is good government to do so. We post our annual audit (CAFR) and our annual budget on our web site. We are also always working on improving those documents so they are more useful and easier to read. Below is a new chart that we created today that shows the net financial performance of each park, and compares it to the next performance last year.

Our focus on transparency has resulted in winning the Government Financial Officers Association's top rankings for both our audit and budget for the last four years in a row.

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