(Apple Valley)– When it comes to responsible accounting and providing clear, informative financial reports, the Town of Apple Valley is among the best in the nation, recently earning a Certificate of Achievement for its Comprehensive Annual Financial Report ending June 30, 2013.
The award is granted each year by the Government Finance Officers Association of the United States and Canada. Only the top 2.1% of the nation and top 5.5% of California cities achieve this honor. This is the 12th year the Town of Apple Valley has done so.
“Receipt of this award continues to underscore our commitment to excellence and transparency in reporting the Town’s financial results to the community,” said Apple Valley Finance Director Marc Puckett. “Each year we strive to improve upon our financial reporting to help demonstrate that we are being good stewards with the resources that are entrusted to us by the community. Receiving this award from the GFOA again provides a measure of our performance in doing so.”
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 by a government and its management. Nationwide, there are 89,055 local government agencies eligible for the award. Of those, 1,913 received the award. In California, only 241 of the 4,413 eligible local government agencies received the award.
The CAFR was judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the document.
The Government Finance Officers Association is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.