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Certificate of Achievement |
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The City of Lakeland’s comprehensive annual financial report (CAFR) has been consecutively awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) since 1981.
A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements and we have submitted it to the GFOA to determine eligibility for another certificate.
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About the Certificate of Achievement and the GFOAThe Certificate of Achievement for Excellence in Financial Reporting (COA) is awarded by the Government Finance Officers Association of the United States and Canada (GFOA).
The Certificate of Achievement is the highest form of recognition for excellence in state and local government financial reporting. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. Its attainment represents a significant accomplishment by a government and its management.
The CAFR is judged by an impartial panel to meet the high standards of the COA program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago, Illinois, and Washington, D.C. Click the icon below to go to the GFOA’s home page and learn more.
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