Title
Award for Outstanding Achievement in Popular Annual Financial Reporting (NB)
Explanation
The Government Finance Officers Association of the United States and Canada (GFOA) has granted an Award for Outstanding Achievement in Popular Annual Financial Reporting to the City of Gainesville for its Citizen's Report for the year ended September 30, 2003. The Award for Outstanding Achievement is a prestigious national award-recognizing conformance with the highest standards for preparation of state and local government popular reports. In order to earn an Award for Outstanding Achievement, a governmental unit must publish an easily readable and efficiently organized popular report.
An Award for Outstanding Achievement is valid for a period of one year only. The City of Gainesville has received the Award for Outstanding Achievement each year it has been eligible since the inception of the program in 1992. The City believes its current report for the fiscal year ended September 30, 2004 continues to comply with the program requirements, and staff is submitting the report to the GFOA for review and consideration.
Fiscal Note
There is no fiscal impact associated with this item.
Recommendation
The City Commission: 1) accept the Award for Outstanding Achievement in Popular Annual Financial Reporting for fiscal year 2003; receive the Citizen's Report for the fiscal year ended September 30, 2004; and 3) endorse submittal of the FY 2004 report to the GFOA.