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The City of Geneva’s 2012-13 Comprehensive Annual Financial Report (CAFR) received the highest form of recognition in the area of governmental accounting and financial reporting.
The Government Finance Officers Association of the United States and Canada has awarded Geneva with the Certificate of Achievement for Excellence in Financial Reporting. The award “represents a significant accomplishment by a government and its management,” according to the association. The City’s report was released last fall and was reviewed by the association this year.
“This is a great accomplishment for the City of Geneva, the Finance Division in particular, because it is the first time we have received the award,” Finance Division Manager Tom Dahl said. “This award would not have been earned without a commitment to excellence by our administration and City staff.”
The CAFR represents a broader report from the past annual financial documents that used to be prepared. The report contains the City’s financial statements and records from the past decade, property tax and debt data, and general statistical information about Geneva.
The report can be found on the City’s website (see link below).
Geneva’s comprehensive financial report has been judged by an impartial panel to meet the high standards of the association’s program, including demonstrating a constructive spirit of full disclosure to clearly communicate its financial story and motivate potential users to read the report.
The Government Finance Officers Association is a non-profit organization serving about 17,500 government finance professionals.
The CAFR recognition adds to Geneva’s growing list of financial accomplishments. The association also has honored the City with the Distinguished Budget Presentation Award the past four fiscal years.