HomeMy WebLinkAbout2020 12 14 Informational 201 - Certificate of Achievement for Excellence in Financial Reporting • INFORMATIONAL AGENDA ITEM 201
,n m=ared CITY COMMISSION AGENDA I DECEMBER 14, 2020 REGULAR MEETING
1959
TITLE
Certificate of Achievement for Excellence in Financial Reporting
SUMMARY
The City's comprehensive annual financial report (CAFR) for the fiscal year
ended September 30, 2019 has been awarded the Government Finance
Officers Association of the United States and Canada (GFOA) Certificate of
Achievement for Excellence in Financial Reporting. The City's CAFR has been
judged by an impartial panel, and determined to meet the high standards of
the program, which includes demonstrating a constructive "spirit of full
disclosure" to clearly communicate its financial story and motivate potential
users and user groups to read the report.
The Certificate of Achievement is the highest form of recognition in
governmental accounting and financial reporting, and its attainment
represents a significant accomplishment by a government and its
management. This makes the City's 20th consecutive year to receive this
prestigious award.
RECOMMENDATION
Staff recommends the City Commission accept the Certificate of Achievement
for Excellence in Financial Reporting for the preparation of the
comprehensive annual financial report (CAFR) for the fiscal year ended
September 30, 2019.
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GOVERNMENT FINANCE OFFICERS ASSOCIATION
NEWS RELEASE
FOR IMMEDIATE RELEASE
12/3/2020 For more information contact:
Michele Mark Levine,Director/TSC
Phone: (312)977-9700
Fax: (312)977-4806
Email: mlevine@gfoa.org
(Chicago, Illinois)--Government Finance Officers Association of the United States and Canada (GFOA) has
awarded the Certificate of Achievement for Excellence in Financial Reporting to City of Winter Springs for its
comprehensive annual financial report for the fiscal year ended September 30,2019.The report has been judged
by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive
"spirit of full disclosure"to clearly communicate its financial story and motivate potential users and user groups
to read the report.
The Certificate of Achievement is'the highest form of recognition in the area of governmental accounting and
financial reporting, and its attainment represents a significant accomplishment by a government and its
management.
Government Finance Officers Association(GFOA)advances excellence in government finance by providing best
practices,professional development, resources, and practical research for more than 21,000 members and the
communities they serve.
203 NORTH LASALLE STREET, SUITE 2700, CHICAGO, ILLINOIS 60601-1210
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