Financial "transparency" means both using the best standards in budgeting and finance, making those documents understandable to a non-expert reader, and making them open and available to the public.
The reason this is important boils down to public trust. As a public agency it is important that people can see and understand our financial information. At the Northern Virginia Regional Park Authority we take this public trust very seriously.
We post our budgets and audits on-line for all to see:
http://www.nvrpa.org/park/main_site/content/financials
We also have a record of winning top awards from the Government Financial Officers Association (GFOA) for both our audit (comprehensive financial report), and our budget. Above is an image of the latest letter I received from GFOA about our budget award.
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