City of Melbourne Nationally Recognized for Excellence in Financial Reporting
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 GFOA’s 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 City of Melbourne has received this award each time it has applied for it in the past 31 years.
The GFOA also recognized Melbourne’s Financial Services Division with an Award of Financial Reporting Achievement for its work in preparing the City’s comprehensive annual financial report.
The Certificate of Excellence is awarded to municipalities for producing annual financial reports that meet the association’s high standards, including demonstrating a constructive “spirit of full disclosure” to clearly communicate the city’s financial story.
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.