Palm Coast - The Government Finance Officers Association of the United States and Canada announced Monday, Dec. 14 it has awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Palm Coast for its comprehensive annual financial report for the fiscal year that ended September 30, 2019.
The organization said the report was 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 report.
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.
The City's Financial Services Department is led by Director Helena Alves and consists of 19 team members in budget and procurement, accounts payable, billing and receivables, payroll, business tax, and accounting. In addition to daily finance activities, staff prepares an annual budget report and participates in the strategic action plan process, which is guided by city council priorities throughout each fiscal year. This is the 19th win for the City.
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.
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