6.1. SR 01-10-1994 - Laserfiche WebLink

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e CAFRs/CUFRs must include general purpose financial statements presented in conformity with GAAP. These reports are also required to have been audited in accor- . dance with generally accepted auditing standards, with the auditor taking at least "in relation to" responsibility for combining, individual fund and account group pre- sentations. To earn a Certificate of Achievement, a CAFRICUFR should give a clear and thorough view of the government's finances. Award-winning reports should enhance the reader's understanding of the infor- mation required by GAAP for fair presentation of the fi- nancial statements, be efficiently organized and adhere to certain generally accepted terminology and formatting conventions. The Certificate Program provides partici- pants with extensive technical reference material on gov- ernmental accounting and financial reporting theory. This material provides fmance officials with the tools they need to improve their financial reporting tech- niques. :,...CERTlFICATE OF ACHIEVEMENT FOR EXCELLENCE IN '''-:; ~ FINANCIAL REPORTING . ~)';:-~~-i>,}:~;"i~i~,;tL',';~,::'~'~ -.~.-;>. ".~" ~~-f~;~ ~_:.:.;~. ~Jc~ -.... .. . ~ . .,. _.~ -;{i::~~.:~::tf~\~:~:..~- . __ Government Finance Officers Association e The Celtificate ofAchievernent for Excellence in Finan- cial Reporting Program (Certificate Program) was estab- lished by the Government Finance Officers Association (GFOA) in. 1945. The GFOA instituted the program to encourage all government units to prepare and publish an easily readable and understandable comprehensive annual firuincial report/component unit financial report (CAFR/CUFR) covering all funds and financial transac- tions of the government during the fiscal year. The GFOA believes that governments have a special respon- sibility to provide the public with a fair presentation of their financial affairs. CAFRs/CUFRs go beyond the re- quirements of generally accepted accounting principles (GAAP) to provide the many users of government fi- nancial statements with a wide variety of information useful in evaluating the financial condition of a govern- ment. . To be eligible for a Certificate of Achievement, a report must be the published CAFRICUFR of a unit of govern- ment or a public employee retirement system. Eligible To participate in the Certificate Program, government units must complete an application fonn and submit four copies of their CAFR/CUFR, with the appropriate fee, to the GFOA for review by the Certificate Program's Spe- cial Review Committee. Applications can be obtained from the GFOA's Certificate Program staff in Chicago (312/977-9700). Submissions must be posunarked within six months of the government's fiscal year end. AWARD WINNERS FOR FISCAL YEARS ENDED IN 1991 .