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HomeMy WebLinkAboutItem 3.3 AwardFinancialReporting · " t e e ~ ~ CITY OF DUBLIN AGENDA STATEMENT ,c,e, ~ CITY COUNCIL MEETING DATE: september 27, ~ . --- p.er ~.I~ Recognition of Award To City of Dublin For Excellence \\. in Financial Reporting ()l' (prepared by: Paul S. Rankin, Assistant city Manager) EXHIBITS ATTACHED: Copies of the certificates RECOMMENDATION: f~ecei ve the awards. SUBJECT: DESCRIPTION: For the past three years the city of Dublin has submitted its Comprehensive Annual Financial Report (CAFR) to the recogni tion programs supported by Government Finance Associations. The CAFR includes the financial information contained in the annual audit. The report covering the period ending June 30, 1992 has been recognized by the California Society of Municipal Finance Officers (CSMFO) and the Government Finance Officers Association of the United States and canada (GFOA). Both programs have established standards and guidelines for the presentation of the financial information. In addition, practitioners review the reports and identify areas which need to be improved. The GFOA Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of local government financial reports. The goal is to recognl.ze efforts made by government agencies to produce easily readable and efficiently organized financial reports. This recognition also provides added credibility to the city's reports when they are reviewed by members of the financial community. When the city refl.nanced the Civic Center Certificates of Participation, the rating agencies were able to see that the financial records were prepared in a format consistent with national standards. This can be helpful in maintaining a good credit rating, which reduces the cost of borrowing. This is the third consecutive year that the City of Dublin has been recognized for Excellence in Financial Reporting. ITEM NO. J.j COPIES TO: I CITY CLERK FILE ~. _. __._'uu~ ._~~. ,~ e e Certificate of Achievement for Excellence . in Financial Reporting Presented to City of Dublin, California For its Comprehensive Annual Financial Report for the Fiscal Year Ended June 30,' 1992 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. ~~ President JJfI?/~ Executive Director ~ ~~ 'i;:) ~ ~ l:3 ~ e- . ~ t5.. ~ ~ l:3 \.;; ... 13 ~ ~ ~ %t ~ c 0") ~ e- ~ I .;:l \.;; ~.u ~ "1 ~ C) ~~ ~~ 0") .s .;:l ....,. ~ t:~ ;:: c ~ ~ ~ ~~ ~ ... ~ e ~ .....~ ~ ~ ~ '"d .~ ;: .~ ~ ~ .~ ~ ~ ... ....,. ~ H .~ ....,. ~ ...... U ro C) ~ '1: .S u '-') ~ a ~ ~ ~ .~ u ~ ~ l:3 VJ l:3 ....,. .s ~ 0 ~ ~ l"r) 'E 3 b-::. .~ ~ .... ~ ...... .~ 0 ~ '\j Gl ~ ~ l:3 '"-1 .B-< t:S Q) a ~ ~' Q) .... 00 .;:l ~ .~ ~ ....,. ~ ;: ;:: ~ u ~ '-') .... ~ ~ ro (l) ......~ ~ ;: tf) l:3 1- \--... ~ u Q) ;:~ ~ .S . P""'I t:S $..4 .S ;: ~ ~ tj 1...1-4 ~ ~ ;:i ..0 .;:: ... u ~ ~ ~~ ~ ~ .~ H ~ ~ (l) ~~ ... ~ u .~ ~ .... ~ a .u ~ \...) .S '"ti ~ ....,. ;: ... l:3 0 ~ E ~ ....,. ~ .~ '"ti '-ti ~;:: ... ;:: ~ ....,. ~ 6 l:3 .;:l .S: ti ~ ."ti ....,. ... ~ ~~ 8\ ~ c .S:! u u ~ ~ ;: ;:: l:3 a .... .~ '"ti;-i; ......... ;:i l::t '-') ;:i .~ ;: ;:: .~ l::t ~~ l::t ....,. .;:l ;: ~.... ~ ..ii' ...:i U tj .~ ;:i ~l::r< '. "II );17f;:;~ , ....,~ \\~t,:."",,,.... J~/ f1'I ~ ~".,.~.., "... . "", "\. r ,;'. ~ ' .." - -., ~~ ~~ 1"'~t :; ~ ,: .-. '. ~ :f :-:..~. ;~"=-.'k .::.,... 'l ~ :~. '. ..'~~. l :..- ." .- :, ...,: - ~ -;.... , "\., "",. ........ . ':r'" .,. I"'i;t-~' t,'. .. oj, " ~'~-I..., .,...." .~< ::..":':.,'..:'" ':"!' . ' . 1~,~.,~..;.;.:.u-" \" '~':~'-"$' --; L_, C, .s~ \