City Receives Certificate of Achievement for Excellence in Financial Reporting
August 17, 2015
COLUMBIA, SC – The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Columbia by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). 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.
The Award of Financial Reporting Achievement will be presented on Tuesday, August 18 during the City Council meeting to the Finance Department’s staff, who are primarily responsible for preparing the award-winning CAFR.
“It is an honor to be recognized for this accomplishment,” said City Manager Teresa Wilson. “The dedication and hard work of the Finance Department continues to build on the strong financial foundation we have established in the City of Columbia.”
The CAFR was judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.
