City of Saginaw MI -
SAGINAW RECEIVES AWARD FOR EXCELLENCE IN FINANCIAL REPORTING
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Saginaw by the Government Finance Officers Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report (CAPR) for the fiscal year ended June 30, 2016. This is the eighth year in a row that the City of Saginaw has received this honor.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. The CAFR 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 groups to read the CAFR. The City's Comprehensive Annual Financial Reports may be viewed on the web at Saginaw-mi.com or in the City Clerk’s Office at City Hall.
"Financial statement audits are designed to provide users of these financial statements with assurance of their reliability. Additionally, it inspires the confidence of community stakeholders by providing trusted information concerning financial statements and how well their local government is run, promoting accountability and transparency. Performance audits are designed to determine whether government programs and activities are meeting stated goals and objectives and to determine if the city is performing in the most economic and efficient manner possible. The Department of Fiscal Services has set and maintained a standard of excellence, and staff is to be commended. They are well-deserving of this prestigious honor." City Manager, Tim Morales
The GFOA is a nonprofit professional association serving approximately 19,000 government finance professionals throughout North America. GFOA provides training programs, services, and products designed to enhance the skills and performance of those responsible for governmental finance policy and management. The GFOA is headquartered in Chicago, IL with offices in Washington, DC.
For more information concerning the City of Saginaw’s governmental accounting and financial reporting, please contact Debbie Powell, Public Information Officer, at 989-759-1403.
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