The Government Finance Officers Association of the United States and Canada (GFOA) awarded their Certificate of Achievement for Excellence in Financial Reporting to the City of Gainesville’s Comprehensive Annual Financial Report (CAFR) for fiscal year 2015. This was the twenty-sixth year that the City has received this prestigious award. In order to be awarded a Certificate of Achievement, a municipality must publish an easily readable and efficiently organized CAFR. The 2016 CAFR will be submitted later this year and we believe that it continues to meet the Certificate of Achievement Program’s high standards to receive the award again.
In addition to the Certificate of Achievement award, the City has also received GFOA’s Distinguished Budget Presentation Award for its fiscal years annual budget documents. In order to qualify for this award, the City’s budget document must be proficient as a policy document, a financial plan, an operations guide and a communications device. The 2016 budget document has received the award. The 2017 budget document will be submitted later this year.
The Finance Department has a variety of responsibilities. In summary, those responsibilities can be categorized into the following areas:
- Financial Reporting
- Budget Preparation / Monitoring
- Cash Flow / Investments
- Accounts Receivable
- Accounts Payable
- Fixed Asset Documentation / Reporting
- Payroll Processing
- Coordinate Annual Audit
- Internal Controls / Audit
- Filing For All Disclosures For All Debt Issued by the City
- Annual Arbitrage Filing