Published on May 30, 2018
For the 24th year in a row, the Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Town of Oro Valley by the Government Finance Officers Association 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 for the Town.
"We are very pleased that the GFOA has recognized the Town with this award for our CAFR," said Finance Director Stacey Lemos. "Accurate and clear financial reporting is of utmost importance to the Town, and the preparation of the CAFR is one of several publications we develop to communicate our financial position to our citizens."
An Award of Financial Reporting Achievement has also been awarded to the Town of Oro Valley's Finance Department, as the department primarily responsible for preparing the award-winning CAFR.
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.
About the GFOA
The 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.