For the fifth year in a row, the City of Bellingham has received a Certificate of Achievement for Excellence in financial reporting.
“This award assures our citizens and bondholders that the City uses accurate and sound accounting and financial reporting practices,” Bellingham Finance Director Therese Holm said. She said the award is the highest form of recognition in the area of governmental accounting and financial reporting, and is considered by rating agencies when determining the City's bond rating. Favorable bond ratings result in lower interest rates.
