City of Laguna Receives Highest Award
City Receives Highest Award in Government Financial Reporting
for 4th Consecutive Year
Laguna Beach, CA – The Government Finance Officers Association (GFOA) has once again awarded the City of Laguna Beach the Certificate of Achievement for Excellence in Financial Reporting. The City of Laguna Beach was judged on its Comprehensive Annual Financial Report (CAFR) for the year ending June 30, 2018. This is the highest form of recognition in government accounting and financial reporting and represents a significant accomplishment for the City of Laguna Beach. This is the fourth consecutive year the City has received the award.
“Laguna Beach residents have made it clear that transparency in financial reporting is one of their top priorities, and this shows the City’s ongoing commitment to consistently provide that,” said Laguna Beach Director of Administrative Services Gavin Curran. “I commend the hard work and dedication of our staff to again produce a CAFR that exemplifies transparency and accountability in local government financial reporting.”
The City’s CAFR shares high-level, organizational facts and figures and details on the financial health of the City with the public. The City was judged by an impartial panel and met the high standards of the GFOA program, which includes demonstrating a “spirit of full disclosure” to clearly communicate the City’s financial story and encourage the public to read the City’s Annual Financial Report. To receive the Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized comprehensive Annual Financial Report, whose contents conform to program standards.
GFOA, a professional association established in 1906, represents nearly 19,000 appointed and elected local, state and provincial-level government officials and other finance practitioners in the United States and Canada.City of Laguna Beach, October 18, 2019, Media Release