Springfield Airport Authority Receives Award for Excellence in Financial Reporting for the 18th Consecutive Year

July 23, 2021

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 Comprehensive Annual Financial Report for its Fiscal Year ending June 30, 2020. 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, “The Springfield Airport Authority maintains its long standing core principles of being enterprising, creative and transparent. The SAA’s annual financial report illustrates our continued commitment of having an entrepreneurial mindset that emphasizes innovation, operational efficiency, and budgetary discipline while providing a complete public and transparent disclosure of our financial position.” Vala concluded by proclaiming, “Complements are due to the SAA’s 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 eighteen (18) consecutive years.  In order to be awarded the Certificate of Achievement, a government entity must publish an easily readable and efficiently organized comprehensive annual financial report whose contents conform to program standards. Such reports must satisfy both Generally Acceptable Accounting Principles (GAAP) and applicable legal requirements.

The Comprehensive Annual 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 Comprehensive Annual Financial Report. The SAA’s FY2020 Comprehensive Annual 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 2010 Primary Airport of the Year by the Illinois Department of Transportation. In 2012 IDOT released an Economic Impact study indicating Abraham Lincoln Capital Airport generates $563.6 million in total economic output annually for the local economy impacting 4,797 jobs. The airport is home to many major tenants, which include the Illinois Air National Guard’s 183rd Wing, IDOT’s Division of Aeronautics, Lincoln Land Community College’s LRS Aviation Maintenance Training Center, StandardAero and Stellar Aviation. The airport’s main passenger terminal is also home to numerous car rental companies, Subway™ Sandwich Shop, the Passenger Service Center and Sky Club, a membership-based club offering additional amenities to 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 on Allegiant. More information, including a complete listing of arrivals and departures, can be found online at www.FlySPI.com or by calling the Passenger Service Center at 217-788-9200.