City of Yuma issued the following announcement on Feb. 9.
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Financial Services Department of Yuma County with a Certificate of Achievement for Excellence in Financial Reporting for their diligence in publishing the Annual Financial Report for the fiscal year ending June 30, 2020. The County’s Financial Services Department is no stranger to this honor as this is the 20th consecutive year the GFOA has bestowed this award upon the County for its financial reporting.
The County’s Annual Financial Report was recognized by an impartial panel for demonstrating the highest standards of financial accounting and full disclosure. The report is presented in a manner designed to fairly set forth the position and results of County’s operations as measured by the financial activity of its various funds.
“We are very proud and honored that our Annual Financial Report has received this award for twenty years in a row,” explains Gilberto Villegas, Jr., Yuma County Chief Financial Officer. “This speaks to the continuous commitment the department has to clearly and effectively communicate our financial story to our constituents and motivate potential users and user groups to read the report.”
Yuma County also received GFOA’s award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR). This was the 19th consecutive year Yuma County has received this honor.
“The PAFR provides a brief analysis of where County revenues come from, where dollars are spent, and an overview of trends in the local economy,” explains Mr. Villegas. “Financial information is presented in an easy to read and understandable format, in an effort to increase public confidence in County government through a user-friendly financial report.”
These awards are considered some of the nation’s highest forms of recognition in the area of governmental accounting and financial reporting, and represent significant accomplishments by a government and its management.
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (COA) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare annual comprehensive financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, Illinois and Washington D.C.
Original source can be found here.
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