City of Campbell’s Finance Department Receives GFOA’s Certificate of Achievement for Excellence in Financial Reporting
The City of Campbell is proud to announce that it has been awarded the prestigious Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2024. This marks the 36th consecutive year that the City has received this honor, highlighting its steadfast commitment to fiscal transparency and accountability.
The Certificate of Achievement is the highest accolade in the field of governmental accounting and financial reporting. Established in 1945, the GFOA's Certificate Program was created to motivate and assist state and local governments in exceeding the minimum requirements set by generally accepted accounting principles (GAAP). The program encourages the preparation of financial reports that reflect full disclosure and transparency, promoting a higher standard of public accountability.
The City's financial report underwent a rigorous evaluation by a panel of experts, who assessed its ability to meet the high standards of the Certificate Program. The report was evaluated based on the quality of its presentation, adherence to GAAP, and its commitment to full disclosure.
For more information about the GFOA Certificate of Achievement for Excellence in Financial Reporting (COA) Program, please visit: https://www.gfoa.org/coa-award.