6.1. SR 04-11-1994 - Laserfiche WebLink

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" CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING .:....,,..~::.:>~.;, #.,. '.. ...-.....~ . :. Government Finance Officers Association .. '.~ 5.;;;:.L ~::'.~:~ ~.::::: . " ,. ::-:'.~\,,",~'.~i ~':-::~< :/~:: :'.~' .... ,.;.' '1992 RESULTS' .:':- ....,.:...,..,........ " ,.': .;.;,,1..,......:,..-....:.-.... ",', '""- ", ,," ~ :'.. ~:,~~:-'::;.~ ~:::~.;:3.:~.::2~:.:::.; '.-"X+:: ::~~ 7;-'~\' .~..- .' ~:: ':: ~;_ ~_'." . _. . The Certificate. of Achievement for Excellence in Finan~ cial Reporting is ,maward designed to recognize and en- courage e,xcellence in financial reporting by state ana. local governments.,.The attainment of a Certificate of Achievement represents a significant accomplishment for a gove~ent and its. management. . . The Certificate of Achievement 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 re~dable and understandable comprehensive annual financial report/component unit financial report (CAFRICUFR) 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 ofa govern- ment. To be eligible for a Certificate of Achievement, a report must be the published CAFRlCUFR of a unit of govern- ment or a public employee retirement system. Eligible 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. To participate in the Certificate Program, government units must complete an application form 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 (3121977-9700). Submissions must be postmarked within six months of the government's fiscal year end. AWARD WINNERS FOR FISCAL YEARS Ei'tUED IN 1991 .