The Certificate of Achievement for Excellence in Financial Reporting has been awarded to City of Portland by Government Finance Officers Association of the United States and Canada (GFOA) for its June 30, 2016 comprehensive annual financial report (CAFR). 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.
An Award of Financial Reporting Achievement is awarded to the individual(s) or department designated by the government as primarily responsible for preparing the award-winning CAFR, in this case the City of Portland Finance Department.
The CAFR has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of transparency and full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
City Finance Director Brendan O’Connell noted, “I’m extremely proud that the City has received the highest recognition for our financial reporting once again. We had turnover of key personnel last fall and this award is a testament to the long hours and extra effort our team put in to stay on track.”
Government Finance Officers Association is a major professional association servicing the needs of nearly 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois, with offices in Washington, D.C.