This should come as no surprise. Budget Director Judy Buttney has methodically improved the budget reporting and organization, making it easier (not easy-parsing budgets never are) to follow the money as it comes in as revenues and goes out as expenses.
Directly from the village website:
The Government Finance Officers Association (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the Village of Downers Grove. The GFOA is a non-profit professional organization with over 17,000 members in the United States and Canada. The certificate program honors excellence in financial reporting by state and local governments and is the highest form of recognition in the area of governmental accounting.
The Village’s Finance Department received the distinguished award for their 2007 Comprehensive Annual Financial Report. The report, which fully discloses the Village’s financial story, was evaluated by an impartial panel from the North American GFOA and met their high standards and practices for excellence.
Read the Comprehensive Annual Financial Report 2007 here.