City of Columbia receives Certificate of Achievement for Excellence in Financial Reporting
August 21, 2016
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to 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 Finance Department was presented with the Certificate of Achievement for Excellence in Financial Reporting on August 16 during the City Council meeting.
“This is a great achievement for the City of Columbia, and I commend our staff in the Finance Department,” said City Manager Teresa Wilson. “The Certificate of Achievement for Excellence in Financial Reporting is the result of a collaborative effort between city leaders, management and staff working together on a common goal of fiscal responsibility.”
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.
