Item Coversheet

CITY COUNCIL AGENDA COMMUNICATION
AGENDA DATE:March 23, 2021
SUBJECT:
Recognition of the Accounting Division for Receipt of the GFOA Certificate of Achievement in Excellence in Financial Reporting Award for the Fiscal Year Ending September 30, 2019.
STAFF RESOURCE:

Jennifer Fung, Interim Chief Financial Officer

Tru Nguyen, Chief Accountant

ACTION PROPOSED:
Recognition of the Accounting Division for Receipt of the GFOA Certificate of Achievement in Excellence in Financial Reporting Award for the Fiscal Year Ending September 30, 2019.



BACKGROUND

The Certificate of Achievement in Excellence in Financial Reporting has been awarded to the City of Allen by the Government Finance Officers Association of the United States and Canada (GFOA) for the Comprehensive Annual Financial Report for the fiscal year ending September 30, 2019.
 
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.
 
The Comprehensive Report was judged by an impartial panel to meet the high standards of the program including demonstrating full disclosure and clear communication of the City's financial condition in an easily readable format. This is the twenty-first consecutive year that the City has received this award.
 
The FY2020 has been completed and will be submitted to the GFOA for award consideration. We expect to receive the award again from GFOA. The Certificate of Achievement plaque will be presented to the City Council with a brief presentation and recognition of the Accounting Division staff that were involved in the preparation of the Comprehensive Annual Financial Report.


ATTACHMENTS:
Description
Award Certificate
Award News Release