The City of Las Cruces has met the requirements to be awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA).
The Certificate of Achievement is the highest form of recognition in governmental and accounting financial reporting. It is presented to those whose annual financial report adhere to program standards. Requirements for the award include a successful demonstration of best practices in government finance, innovative concepts to educate peer organizations, local significance and value, transferability, documentation, the cost/benefit analysis, efficiency, originality, and durability.
The City has now received this recognition for 15 consecutive years.
The GFOA established the Comprehensive Annual Financial Reporting (CAFR) certificate program in 1945 to encourage state and local governments to go beyond the minimum requirements of generally accepted accounting principles. In doing so, the GFOA has established a high standard for financial reporting where government agencies must open their books in the spirit of transparency and full disclosure.
Additionally, the City’s Financial Services Department received the Award of Financial Reporting Achievement. This is presented to the department designated as instrumental in the City achieving the Certificate of Achievement for Excellence in Financial Reporting.