The Town of Wytheville Treasurer’s Office received its accreditation from the Treasurers’ Association of Virginia on June 14. The certification was presented to Treasurer Michael G. Stephens as part of the Treasurers’ Association of Virginia’s annual conference in Arlington.
The Office Accreditation program is a voluntary professional certificate program that is overseen by the Treasurers’ Association of Virginia. Sixty-five treasurer’s offices received accreditation this year. It is estimated that combined, the accredited offices handled close to $13 billion dollars in Fiscal Year 2018.
“Those treasurers that choose to submit to the accreditation process take an extra step to ensure they are good stewards of their locality’s funds,” says Treasurers’ Association President Evelyn Powers. “These offices have demonstrated they are of the highest caliber and integrity. Accreditation represents the hardworking, dedicated nature of our treasurers and their staff throughout the Commonwealth.”
While it is not required for any treasurer’s office to be accredited, receiving accreditation acknowledges that the office meets the statewide best practices for performance in treasury management. As part of the accreditation process, offices must successfully pass an outside audit with no findings of material weakness.
The rigorous accreditation process also requires proof of continuing education such as attendance of an ethics course by the treasurer (or a principal officer) and educational requirements for all staff. Accredited offices are required to have written policies in place addressing areas such as personnel, customer service and delinquent collections.
“The Treasurers’ Association is committed to ensuring that treasurers have the resources and tools they need to serve the citizens,” said Powers. “We are proud of the 65 offices which received accreditation this year and the hard work and dedication it took for each of them to meet the highest standards of excellence in fiscal management.” “The Town of Wytheville is honored to be one of the treasurer’s offices that received this accreditation,” said Wytheville Town Manager Wayne Sutherland. “We applaud the efforts of Michael Stephens and his staff for working through this process and making sure that our fiscal practices are conducted within the highest standards possible.”