City of Melbourne Recognized for Excellence in Financial Reporting
City Financial Services staff (left) with Mayor Kathy Meehan (second from right) and City Manager Mike McNees (far right). The Financial Services employees were commended during the Feb. 28 City Council meeting for their excellent work, which has earned national recognition.
The City of Melbourne has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA). The Certificate is the national organization’s highest form of recognition in the area of governmental accounting and financial reporting. The City of Melbourne has received this award each time it has applied for it in the past 28 years.
The Certificate of Excellence is awarded to municipalities for producing annual financial reports that meet the association’s stringent standards, including demonstrating a constructive “spirit of full disclosure” to clearly communicate the city’s financial story.
“This award demonstrates the City’s commitment to proper stewardship of public funds, as well as the high quality work of the entire Financial Services department,” said Melbourne City Manager Mike McNees.
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.