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City Recognized for Excellence in Financial Reporting for 38th Consecutive Year

The City of Arvada has announced that it has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for its Comprehensive Annual Financial Report for the fiscal year ending Dec. 31, 2020.  

This is the 38th consecutive year the City has received the certificate of achievement, which is the highest form of recognition in the area of governmental accounting and financial reporting and represents a significant accomplishment by a government and its management.  

“We work hard to provide a well-managed, fiscally responsible government to Arvada,” said City of Arvada Finance Director Bryan Archer. “It is meaningful to receive this award each year because it helps to underscore this ongoing commitment to our community.” 

The Comprehensive Annual Financial Report contains information summarizing the City’s financial position and is essentially the City’s public financial statement. GFOA found that the City’s 2020 report demonstrated a "spirit of full disclosure" to clearly communicate its financial story. The latest version is available at

The City remains committed to providing the community with a well-managed, fiscally-responsible and transparent local government to guide the organization in a manner that enhances quality of life. More information is available at  

To learn more about the Government Finance Officers Association, visit