City of Concord Recognized with Financial Reporting Award

September 4, 2014 16:30 pm · 8 comments

The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Concord by the Government Finance Officers Association of the United States and Canada (CFOA) for its comprehensive annual financial report (CAFR).

The certificate of achievement is the highest form of recognition in the area of government accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management, note GFOA officials. This is the twenty-second consecutive year that Concord has received the award.

Concord’s 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 the City’s financial story and motivate potential users to read the document. The document is available online at www.cityofconcord.org/citygov/finance/reports.

The GFOA is a nonprofit professional association serving apprximately17,500 government finance professionals with offices in Chicago and Washington, D.C.

1 Sick Of It September 4, 2014 at 4:50 PM

The award is all fine and dandy, congrats to Concord. Now how about winning a top 10 roads award, just make the top 10 would be nice. Willow Pass and Denkinger are the 1st on my list.

2 GRX September 4, 2014 at 5:19 PM

What about financial management?

3 PC September 4, 2014 at 5:55 PM

In a time where citizens are losing confidence in their federal government it is really nice to hear that Concord is recognized for being forthright on finances. Sadly, the State of California is ripping off local governments so that they look better politically. Yeah, Gov. Moonbeam I am referring to you!

4 Justin September 4, 2014 at 6:15 PM

Sounds like the standards need bolstering.

5 Drluddite September 4, 2014 at 9:59 PM

A very proud day for every Concordian. When is the parade?

6 Random Task September 5, 2014 at 9:30 AM

wow a self generated certificate for the spirit of disclosure ……..so the city hides its fleecing so good a fluff panel prob directed by the council itself gives out a certificate to concord every year ……this is supposed to make the dems look better ….Cal Trans already pulled that one with the bridge by inspecting it’s own work and considering it up to spec and yet millions are being spent to retrofit a brand new bridge that went over budget and went way over due date ……….so many self appointed awards must be working for the lemmings since they keep voting in the criminals …over and over and over ……………

7 CPA in training September 6, 2014 at 5:00 PM

This award has more to do with the way in which the financials are presented and disclosed, not with how the money is being managed. Of course, it is a lot of work to put it together, since it includes a lot of historical and statistical information, so we shouldn’t discount the effort involved. That being said, no one on the Council would be allowed to grade the report, and the general purpose checklist can be viewed by anyone at GFOA.org.

8 The County September 7, 2014 at 8:39 PM

has received this same award for the past 31 years that I know, For Concord to only receive it now is pretty damn sad

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