The Government Finance Officers Association of the United States and Canada (GFOA) recently awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Redwood City for its comprehensive annual financial report for the fiscal year ending June 30, 2021.
This is the 35th consecutive year that Redwood City has received this prestigious award.
“I am proud that the City has received the GFOA Certificate of Achievement for Excellence in Financial Reporting for the past 35 consecutive years,” said Redwood City Manager Melissa Stevenson Diaz.
The local official stressed that "this award represents our continued interest and unwavering commitment to planning and carrying out the City's financial operations in a responsible and sustainable manner."
GFOA initiated the awards program in 1945 to encourage and assist local governments to go beyond the minimum requirements of accounting principles to prepare comprehensive annual financial reports that demonstrate the spirit of transparency and full disclosure and to recognize individual governments that achieve this goal.
The report was evaluated by a panel of experts who judged that it met the program's high standards.
In order to receive a certificate of achievement, a government must publish a comprehensive, easy-to-read and efficiently organized annual financial report.
In addition, the report must satisfy both the accounting principles generally accepted in the United States of America and the applicable legal requirements.
The City's 2021 Comprehensive Annual Financial Report is available online at www.RedwoodCity.org/FinanceReports.
The City's 2022 Comprehensive Annual Financial Report will be presented to the City Council in March 2023.
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