File #: 24-013    Name: FY 2022 ACFR & PAFR Awards Presentation
Type: Presentation Status: Filed
File created: 12/27/2023 In control: City Commission
On agenda: 2/8/2024 Final action: 2/8/2024
Title: A PRESENTATION OF THE CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING FOR THE CITY'S ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) AND THE AWARD FOR OUTSTANDING ACHIEVEMENT IN POPULAR ANNUAL FINANCIAL REPORTING FOR THE CITY'S POPULAR ANNUAL FINANCIAL REPORT (PAFR) FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2022.
Indexes: Awards and Recognitions, Comprehensive Annual Financial Report, Finance, PAFR, Presentation
Attachments: 1. BACKUP-ACFR Award Letter FY22, 2. BACKUP-ACFR Award Certificate FY22, 3. BACKUP-PAFR Award Letter FY22, 4. BACKUP-PAFR Award Certificate FY22

AGENDA ITEM REPORT

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A PRESENTATION OF THE CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING FOR THE CITY’S ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) AND THE AWARD FOR OUTSTANDING ACHIEVEMENT IN POPULAR ANNUAL FINANCIAL REPORTING FOR THE CITY’S POPULAR ANNUAL FINANCIAL REPORT (PAFR) FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2022.

 

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BACKGROUND:

The Government Finance Officers Association of the United States and Canada (GFOA) has recognized the City of Coconut Creek with the Certificate of Achievement for Excellence in Financial Reporting for its Annual Comprehensive Financial Report (ACFR). This Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.                     

The ACFR was evaluated by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users to read the ACFR. This is the 40th consecutive year that the City has received this award.

The GFOA has also recognized the City with the Award for Outstanding Achievement in Popular Annual Financial Reporting for its Popular Annual Financial Report (PAFR). The PAFR award program was established to encourage and assist state and local governments to extract financial information from their ACFR to produce a high quality PAFR specifically designed to be accessible and easily understandable by the general public and other interested parties without a background in public finance. 

This award is a prestigious national award, which recognizes conformance with the highest standards for preparation of state and local government PAFRs. In order to receive this award, a government unit must publish a PAFR that conforms to the program standards of creativity, presentation, understandability, and reader appeal. The City’s 2022 PAFR was delivered to each address in the City. This is the 16th consecutive year that the City has received this award.