The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of North Miami Beach by the Government Finance Officers Association for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ending September 30, 2021. The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, Illinois, and Washington, D.C.
Each year the Government Finance Officers Association (GFOA) of the United States and Canada present a Certificate of Achievement for Excellence in Financial Reporting to those governmental units whose annual financial reports are judged and adhere to program standards. In order to be awarded the Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized Comprehensive Annual Financial Report (CAFR), whose contents conform to program standards. Such reports should satisfy Generally Accepted Accounting Principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only.
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 is 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. To learn more about the Certificate of Achievement for Excellence in Financial Reporting Program visit http://www.gfoa.org/cafr.