City Awarded Highest Honor For Financial Reporting

LAGUNA BEACH, CA —Third time is the charm for the City of Laguna Beach, who won yet another Certificate of Achievement for Excellence in Financial Reporting. This is the highest form of recognition in government accounting and financial reporting and represents a significant accomplishment for the City of Laguna Beach.

The City of Laguna Beach was judged on its Comprehensive Annual Financial Report for the year ending June 30, 2017, by the Government Finance Officers Associate. They were judged on a fully comprehensive report that shared high-level, organizational facts and figures and details on the financial health of the City with the public.

The City was judged by an impartial panel and met the high standards of the GFOA program, which includes demonstrating a spirit of “full disclosure” to clearly communicate the City’s financial story and encourage the public to read the City’s Annual Financial Report.

“It is critical we keep our community informed about the financial health of our City,” said Laguna Beach Director of Administrative Services Gavin Curran. “This award only reinforces the continued commitment to financial transparency the City of Laguna Beach, and I am proud of the dedication of the City’s finance team toward that effort.”

This is the third consecutive year the City has received the award.

To receive the Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized comprehensive Annual Financial Report, whose contents conform to program standards.

GFOA, a professional association established in 1906, represents nearly 19,000 appointed and elected local, state and provincial-level government officials and other finance practitioners in the United States and Canada. It provides top-quality publications, training programs, services and products designed to enhance the skills and performance of those responsible for government finance policy and management.

The association is headquartered in Chicago, Illinois.

Photo courtesy Melinda Brower