Bridgeport's Finance Department Receives Fiscal Reporting Award

BRIDGEPORT, CT — The City of Bridgeport's Finance Department has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada, city officials announced.

The department received the honor for its annual comprehensive financial report for the fiscal year that ended June 30, 2021. The award was presented to finance last month, marking the 15th year the city has received the award.

"I’m pleased to hear that our Finance Department has once again been recognized by the Government Finance Officers Association," said Mayor Joseph Ganim in a statement. "I applaud the Finance Department for its utmost dedication to achieving high standards in financial reporting and commend everyone for their unwavering hard work."

From the city's announcement:

In 1945, the GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program to encourage state and local governments to exceed the minimum requirements of accounting principles when preparing annual financial reports. The Certificate of Achievement is the highest form of recognition in government accounting and financial reporting for a fiscal year. The City of Bridgeport’s financial report was judged by an impartial panel to meet the high standards of the program. According to the GFOA, reports should demonstrate a “spirit of full disclosure” top clearly communicate its financial story and motivate potential users to read the report.

The City of Bridgeport Finance Department has also received a clean audit at the end of December for the fiscal year of 2022 Annual Comprehensive Financial Statements with no items of concern from the independent auditors.