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, 2022. The Certificate of Achievement is the highest form of recognition for 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 20th consecutive year demonstrates the Authority’s long-term commitment to transparency, prudence, and accuracy in our financial reporting responsibilities. This further underscores Springfield Airport Authority’s enduring core attributes of being innovative, resourceful, and open with our financial performance. 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, “Congratulations are due to the Authority’s staff, as this achievement and recognition is a direct reflection on their professionalism, expertise and diligence.”
The Springfield Airport Authority is a multi-year winner of this award having received it the past twenty (20) consecutive years. 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
SAA Financial Award
August 16, 2023
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 FY2022 Annual Comprehensive Financial Report can be viewed 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 Chicago on American Airlines, and to Ft. Myers/Punta Gorda FL on Allegiant. More information can be found at www.FlySPI.com or by calling the Passenger Service Center at 217-788-9200.
For more information, please contact:
Mark E. Hanna, A.A.E., Executive Director
Springfield Airport Authority/Abraham Lincoln Capital Airport