In a commendable display of fiscal transparency and responsibility, the City of Owatonna has been honored with the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA). This accolade represents the highest form of recognition in governmental accounting and financial reporting and is an indicator of Owatonna's dedicated efforts in financial transparency.

City Administrator Kris Busse credits this achievement to the city staff's best practices and the City Council's leadership, which strive to provide excellent services while maintaining fiscal integrity. Busse states, 'This award acknowledges the City staff's efforts under the City Council’s guidance to be fiscally responsible.'

More than just keeping immaculate records, Owatonna's commendation by the GFOA for its financial report for the fiscal year ending on December 31, 2022, signals its broader commitment to providing a high quality of life. The city’s prudently managed resources back its robust community and business environment. Owatonna’s financial documents, accessible to anyone online or at the Owatonna Public Library, are a testament to the city's dedication to continual improvement and unrestricted access to financial information.

The GFOA serves a community of over 21,000 government finance professionals, where Owatonna's recognized financial reporting practices have set an exemplary benchmark for excellence. This national distinction not only endorses Owatonna's financial ethics but also promotes the city as an exemplary model for others to follow, offering a place for residents and businesses to prosper with confidence in their governance.