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City receives GFOA awards for budget and financial reporting; manager and finance staff recognized
Summary
City staff reported two awards from the Government Finance Officers Association: a budget award and an award for the Annual Comprehensive Financial Report (ACFR). Commissioners recognized the finance team’s work.
City staff told the commission the city received two recognitions from the Government Finance Officers Association (GFOA): an award for the city’s fiscal year 2025 budget and a certificate of achievement for excellence in financial reporting for the Annual Comprehensive Financial Report (ACFR) covering 2023.
Finance and audit context: Staff explained the GFOA process involves peer review of budget documents and annual financial reports. The ACFR review considers government and enterprise fund reporting (water, sewer, sanitation, stormwater) and assesses long‑term debt disclosures, statistical information and performance measures. The city manager and commissioners praised the finance department for “excellence in financial reporting.”
Next steps: The city is undergoing the 2024 audit now; staff said they expect to submit the 2024 report for GFOA consideration when complete. Commissioners thanked Finance Director Joely and finance staff for the recognition.
Why it matters: The awards signal that the city’s budget and audit documents meet national peer‑review standards for clarity and transparency, which commissioners said supports the city’s fiscal reputation and planning.
