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Thc Certificate of Achievement for Bxcclicnce in Financial
<br />Reporting is an award designed to recognize and encourage'i]'
<br />excellence in financial reporting by state and local - ,~;~'~
<br />governmentS.. The attainment ora Certificate of Achievement -' ~'~
<br />represents a significant accomplishment f0r.a government and
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<br />The Certificate of Achievement for Excellence in Financial..-.:.
<br />Reporting Program(Certificate Program) was established by the
<br />Government Finance Officers Association (GFOA) in 1945.
<br />The GFOA instituted the program to' encourage all government 'i
<br />units'_t? prepare and publish an casibly readable and
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<br /> CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN
<br /> FINANCIAL REPORTING "
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<br /> Government Finance Officers Association ':- ::i.':
<br /> 1994 RESULTS ......
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<br /> with GAAP. These repons are also required to have'b~en
<br /> audited in accordance with generally accepted auditing
<br /> standards, with the auditor taking at least an "in relation to~ ,.
<br /> responsibility for combining, individual fund and account
<br /> group presentations. To earn a Certificate of Achievement,
<br /> CAFR should give a clear and thorough view of the :?:? .....
<br /> government's finances. Award-winning reports should-enhance
<br /> the readeffs understanding of the information required by. '
<br /> GAAP for fair presentation of the financial statementS, be .-..:~.
<br /> efficiently organized and adhere to certain generally accepted·
<br /> terminolOgY and formatting conventions. The Certificate _
<br /> Program provides participants with extensive technical.2;.".":
<br />uncle ,rs~ndable comprehensive annual financial report (CAFR) '~. reference material on governmental accounting and financial '
<br />covenng all funds and financial transactions of the government" .. :' reporting theory. This material provides finance officials with
<br />during the fiscal year. The GFOA believes that governmentS..~ ?.~'.i! the tools they need to improve their financial reporting - -.-:'
<br />have a Special responsibility to provide the public with a fair:'.i;~'~'¢5"..'techniques~.:-:;'.?::-".-',:: ."~':' ,:;': ~- ....... ~':' -.-, ::-k~-.;',?:,~c%~.:--~,
<br />presentation of their financial affairs CAFRs ~,o be,,ond the ,i: ....:~i;,:; :.,.~::.,":~.~;~{~';.:~¥:!:':'~('-'~ .. '::" ':::f&;::;.~,2~;:::,~¢)'5:~:~,i<~:!~.q-.~/. :'~
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<br />(GAAP) to provide the many users of government financial¢::i-" ..'?i?Sinust complete an application form and submit four Copies of'
<br />statements with a wide variety of information useful in':?r!7~};,S: ;i~¢:their CAF1L with the appropriate fee, to the GFOA for review:i::
<br />evalui~in~'fiie financial condition of a government. .i _?¢~'i~¢,'." '. ~. 2.1: b'{, the Certificate Pmt, rarn'~ .q,,,.~.i~ n,,,;,,,~ r',,,,,i,,a,,,, - ,.'
<br />-'Y..::5'Y:q%~'~,:~." :,- . '..': . .::..2 ',':.. :'.'.-;},i .';.' .. "::'.'i'. ' .' '. "~".Applications can be obtained from the GFOA'S
<br />To be eligible for a Certificate ofAchievement,'a report must . Program staffin Chicago (312/977-9700). Submissions mu~t<
<br />be the published CAFR of a unit of government or a public ..... ': be postmarked within six months of the government's fiscal.
<br />employee retirement system. Eligible CAFRs must include year end. . .. . ..:..;... :.:- '.'. - .. :.
<br />general. '?: .. purpose. .' :.'... financial statementS., presented, in conformity .':' :,'.":".- . " .'.' · . ...' ".- ':' .':: }';:.. i"':, · ']~:;:?.:ii::!;5:;:}-;:?:};k¢:;i;~;:? !:. .
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<br />AWARD WINNERS FOR THE FISCAL YEARS ENDED IN 1993
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