Oro Valley, Arizona –– For the 27th year in a row, the Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Town of Oro Valley by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The 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 for the Town.
An Award of Financial Reporting Achievement has also been awarded to the Town of Oro Valley’s Finance Department, as the department primarily responsible for preparing the CAFR.
“With the challenges faced this past year, I am extremely grateful that the Town and finance team have been recognized by the GFOA for our Comprehensive Annual Financial Report,” said Chief Financial Officer, David Gephart. “It’s always our goal to produce accurate, timely, and clear financial information to the public, and the award from GFOA provides external validation that we are hitting the mark.”
The CAFR has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.