On Tuesday night, the City of Longmont accepted the Government Finance Officers’ Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the 2016 fiscal year.
Jim Golden, chief financial officer for the City of Longmont, presented the award during Tuesday’s city council meeting.
“The certificate represents the highest form of recognition for excellence in state and local government financial reporting. And it’s a significant accomplishment by the city, its management and its finance department,” said Golden.
Longmont has received this award for the last 37 years, according to city council communication.
According to the GFOA website, the certificate of achievement for excellence in financial reporting program is “reviewed using a checklist designed to determine compliance with both generally accepted accounting principles (GAAP) and program policy as established by the GFOA’s Special Review Executive Committee and the GFOA Executive Board.”
The GFOA, which was founded in 1906, is a nonprofit whose mission is “to advance excellence in state and local government financial management,” according to their website.
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