For the 14th consecutive year, the City of Homestead’s Finance Department received international attention for its excellence in advancing government transparency and financial reporting. The City’s Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2016 garnered the highest form of recognition from the Government Finance Officers Association of the United States and Canada (GFOA). Only governments demonstrating superior adherence to generally accepted accounting principles and the spirit of full disclosure can receive the Certificate of Achievement for Excellence in Financial Reporting.
“It’s a huge honor to receive this award and we’re excited to be recognized for the hard work we put into this report every year,” said Carlos M. Perez, Director of Homestead’s Finance Department. “As public servants, we strive to do adhere to the highest standards both in accounting and in upholding the public’s trust.”
The GFOA, founded in 1906, represents public finance officials throughout the United States and Canada. The association’s nearly 19,000 members are federal, state, and local finance officials deeply involved in planning, financing, and implementing thousands of governmental operations in each of their jurisdictions. The GFOA’s mission is to enhance and promote the professional management of governmental financial resources by identifying, developing, and advancing fiscal strategies, policies, and practices for the public benefit.
For more information on the GFOA, please visit their website: www.gfoa.org