For the 41st time, the Government Finance Officers Association of the United States and Canada (GFOA) awarded the City of San Marcos the Certificate of Achievement for Excellence in Financial Reporting. This award is for the 2018-2019 fiscal year.
The Certificate of Achievement is awarded to governments whose comprehensive annual financial reports meet high standards for transparency and clarity.
“The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting,” said Michele Mark Levine, GFOA’s Director of Technical Services. “Its attainment represents a significant accomplishment by a government and its management.”
To qualify for the award, the City of San Marcos’ comprehensive annual report was judged by the GFOA’s impartial review committee including representatives from government, public accounting, and academic professions.
“Our finance team, Council, and individual departments work tirelessly on the City’s financial reporting to make the process transparent and to be true fiscal stewards of our budget dollars,” said City Manager Bert Lumbreras. “Congratulations to our entire team for this well-deserved recognition.”
The City of San Marcos joins more than 4,300 governments across the country to receive the Certificate of Achievement for Excellence in Financial Reporting.
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