City of Dayton wins national financial reporting award
For the third year in a row, the city of Dayton has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Assoiation 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.
“We are happy to receive this national recognition by the GFOA recognizing our financial reporting efforts,” said Assistant City Manager and CFO Rudy Zepeda.
“It’s important to us because you have other cities and other finance officers grading you. It’s a peer review for best practices and it shows that we have achieved those universal practices,” he said.
The CAFR has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
Government Finance Officers Association is a major professional association servicing the needs of nearly 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois, with offices in Washington, D. C.
Zepeda credited his staff for their hard work to make the award possible.