The Finance Department has won this award 33 times. Public recognition of this latest award will take place at the January 22, 2018 Council Meeting.
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Arvada by the Government Finance Officers Association (GFOA) for its comprehensive annual financial report (CAFR.) The CAFR contains information summarizing the City’s financial position and is essentially the City’s public financial statement.
The Certificate of Achievement 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.
The GFOA was founded in 1906 and represents public finance officials throughout the United States and Canada. The association's more than 19,000 members are federal, state/provincial, and local finance officials deeply involved in planning, financing, and implementing thousands of governmental operations in each of their jurisdictions. GFOA's mission is to promote excellence in state and local government financial management.