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City Financial Report Given High Mark

For the 18th year in a row, the City is commended

 

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The City of Santa Clarita was awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Financial Officers Association (GFOA) of the United States and Canada for its Comprehensive Annual Financial Report (CAFR) for fiscal year ended June 30, 2006.   

 

The Certificate of Achievement is the highest form or recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government.

 

“For 18 consecutive years the City of Santa Clarita has received this prestigious recognition.  We take seriously our responsibility to be conservative stewards of the public funds we manage,” commented Darren Hernandez, City Treasurer.

 The Comprehensive Annual Financial Report has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user group to read the Comprehensive Annual Financial Report. The Government Financial Officers Association is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago, and Washington, D.C.