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City's Finance Department Awarded Certificate of Achievement for Excellence in Financial Reporting

  • Published
  • Updated
  • by City Manager

November 29, 2018... 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. It is judged by an impartial panel to meet the high standards of the program, which includes demonstrating a "strong spirit of full disclosure" to clearly communicate its financial story.

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 City's Finance Department has won this award 34 times.

About GFOA

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.