City Finance Department Receives Multiple Awards for Financial Reporting

The Government Finance Officers Association (GFOA) announced that the City of Palm Coast Finance Department has been awarded the Certificate of Achievement for Excellence in Financial Reporting and the Outstanding Achievement Award in Popular Annual Financial Reporting.

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 by a government and its management.

In order to be eligible to receive the GFOA’s Outstanding Achievement Award in Popular Annual Financial Reporting, a government must also receive the GFOA’s Certificate for Achievement for Excellence in Financial Reporting in the current fiscal year.

Both of these awards represent a significant achievement by the Financial Services Department’s efforts in creating the City’s annual comprehensive financial report. A panel of GFOA judges completes an evaluation of the report based on the following categories: reader appeal, understandability, distribution methods, creativity and other elements.

“I want to thank the Government Finance Officers Association for recognizing our wonderful Finance Department with these amazing awards,” said City Manager Denise Bevan. “This team works tirelessly to ensure that our financial reporting is transparent and easy to understand. I already know what an excellent team they are but recognition like this helps shine a light on them so that others can see that as well. Congratulations on these well-deserved awards!”

The GFOA advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.

For more information, contact the Public Information and Engagement Department by emailing Communications@palmcoastgov.com