Springfield Airport Authority Receives Award for Excellence in Financial Reporting for the 19th Consecutive Year

9/13/2022

springfield, illinois……The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Springfield Airport Authority by the Government Finance Officers Association of the United States and Canada (GFOA) for its Annual Comprehensive Financial Report for its Fiscal Year ending June 30, 2021.  The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

Frank J. Vala, Chair of the Springfield Airport Authority Board of Commissioners stated, “Receiving this award for the 19th consecutive year demonstrates that government bodies, such as the Springfield Airport Authority, can successfully continue to function within their charter without outside intervention.  The Springfield Airport Authority maintains its long standing core attributes of being innovative, resourceful and transparent. The Authority’s annual financial report illustrates our continued commitment of having an entrepreneurial attitude that embraces ingenuity, forward-thinking, operational efficiency, and budgetary discipline.” Vala concluded by proclaiming, “Congratulations are due to the Authority’s senior staff, as this achievement and recognition is a direct reflection on their professionalism, expertise and attention to detail.” 

The Springfield Airport Authority is a multi-year winner of this award having received it the past nineteen (19) consecutive years.   In order to be awarded the Certificate of Achievement, a government entity must publish an easily readable and efficiently organized annual comprehensive financial report whose contents conform to program standards.  Such reports must satisfy both Generally Acceptable Accounting Principles (GAAP) and applicable legal requirements. 

The Annual Comprehensive Financial Report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the Annual Comprehensive Financial Report.  The Authority’s FY2021 Annual Comprehensive Financial Report can be reviewed online at FlySPI.com.

The GFOA is a non-profit professional association serving approximately 21,000 government finance professionals.  The association is headquartered in Chicago, Illinois with offices in Washington, D.C.  



ABOUT ABRAHAM LINCOLN CAPITAL AIRPORT

Abraham Lincoln Capital Airport was named the 2020 Primary Airport of the Year by the Illinois Department of Transportation. In 2021 IDOT released an Economic Impact study indicating Abraham Lincoln Capital Airport generates $370.8 million in total economic output annually for the local economy impacting 2,630 jobs. The airport is home to many major tenants that include the Illinois Air National Guard’s 183rd Wing, StandardAero MRO, IDOT’s Division of Aeronautics, Lincoln Land Community College’s LRS Aviation Maintenance Training Center, Illinois Army National Guard and Stellar Aviation. The airport’s main passenger terminal is also home to the Passenger Service Center and Sky Club, a membership-based club offering added benefits for frequent travelers. Commercial passenger air service offerings feature daily service to Dallas/Ft. Worth TX on American Airlines, to Chicago IL on United Airlines and to Ft. Myers/Punta Gorda FL and Phoenix/Mesa AZ on Allegiant. More information can be found at www.FlySPI.com or by calling the Passenger Service Center at 217-788-9200.