City Receives Highest Achievement in Government Financial Reporting

The Government Finance Officers Association (GFOA) recently awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Salida for its Annual Comprehensive Financial Report for the 2021 budget year.

The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. In addition to this award, the City has also received the Distinguished Budget Presentation Award from GFOA for the budget document two years in a row.

“We are happy to have achieved this status; it gives credibility to our goal of being transparent with our financial stories,” stated Finance Director Aimee Tihonovich. “It takes a lot of time and effort to put these reports together, and it is definitely a team effort involving many people in and out of the finance department. We are happy to have the support of the City Council and our Treasurer as we work through these various presentations.”

The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare annual comprehensive financial reports that exemplify transparency and full disclosure and to recognize individual governments that succeed in achieving that goal.