The City of Las Cruces Accounting program has met the requirements to be awarded the Certificate of Achievement for Excellence in Financial Reporting for the fiscal year ending June 30, 2020 from the Government Finance Officers Association (GFOA).
The Certificate of Achievement is the highest form of recognition in governmental and accounting financial reporting that 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’s Accounting program has now received this recognition from GFOA for 16 consecutive years.
In August, the City’s Financial Services Department received the GFOA 2019 Triple Crown Medallion and Popular Annual Financial Reporting awards. Those awards were also for the 16th consecutive year.
The GFOA established the Annual Comprehensive Financial Reporting 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.
The GFOA is a professional association of approximately 19,000 state, provincial, and local government finance officers in the U.S. and Canada. GFOA is headquartered in Chicago, Illinois.