City of Campbell’s Finance Department Receives GFOA’s Certificate of Achievement for Excellence in Financial Reporting
Campbell, CA — The City of Campbell is proud to announce that it has been awarded the prestigious Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2023. This marks the 35th consecutive year that the City has received this honor, highlighting its steadfast commitment to fiscal transparency and accountability.
The Certificate of Achievement is the highest accolade in the field of governmental accounting and financial reporting. Established in 1945, the GFOA's Certificate Program was created to motivate and assist state and local governments in exceeding the minimum requirements set by generally accepted accounting principles (GAAP). The program encourages the preparation of financial reports that reflect full disclosure and transparency, promoting a higher standard of public accountability.
The City's financial report underwent a rigorous evaluation by a panel of experts, who assessed its ability to meet the high standards of the Certificate Program. The report was evaluated based on the quality of its presentation, adherence to GAAP, and its commitment to full disclosure.
“The GFOA’s award to Campbell for the 35th year in a row is a testament to the consistency and professionalism of the Finance Team and its commitment to accurate, quality, and transparent financial reporting,” said Will Fuentes, Finance Director. “We are honored to receive this prestigious award and look forward to continuing to reach the high standards that the award embodies for the benefit of our community.”
For more information about the GFOA Certificate of Achievement for Excellence in Financial Reporting (COA) Program, please visit: https://www.gfoa.org/coa-award.
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