VPA Recognition

Monday, September 06, 2010

 

Contact: Joe Harris, Media Relations Manager
Tel: (757) 683-2137 / (800) 446-8098
Cell: (757) 617-0006
Fax: (757) 683-2897
jharris@portofvirginia.com

Greg Edwards, Director of External Affairs
Tel: (757) 683-2110 / (800) 446-8098
Cell: (757) 617-0852
gedwards@portofvirginia.com

Excellence in Financial Reporting
Earns VPA Recognition from
Governement Finance Group

 

Norfolk, VA  The Virginia Port Authority’s comprehensive annual financial report for fiscal 2008 has earned a certificate of achievement for excellence in financial reporting from the Government Finance Officers Association of the United States and Canada (GFOA).

The GFOA Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting. The Certificate Program, which was established in 1945, is designed to recognize and encourage excellence in financial reporting by state and local governments.

Additionally, GFOA presented Awards of Financial Reporting Achievement to Rodney W. Oliver, the VPA’s chief financial officer. The achievement awards are given those people primarily responsible for preparing the award-winning report.

This is confirmation from an independent source that our financial reporting meets the highest standards,” said Jerry A. Bridges, the VPA’s executive director.

The GFOA is a Chicago-based nonprofit professional association serving 17,500 government finance professionals.

This is the second GFOA certificate of achievement awarded to the VPA for its excellence in financial reporting.



 

The Virginia Port Authority (VPA) is an agency of the Commonwealth of Virginia, reporting to the state Secretary of Transportation. The VPA owns and operates four general cargo facilities on behalf of the state: Norfolk International Terminals, Portsmouth Marine Terminal, Newport News Marine Terminal and the Virginia Inland Port in Warren County. The terminals are operated by Virginia International Terminals, Inc. (VIT) the non-stock, non-profit operating company. The VPA, through terminal earnings generated by VIT, is operationally self-sufficient. The VPA and correlating maritime industry is responsible for 343,000 jobs, $41 billion in total revenues throughout the Commonwealth.