In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communication device. The award and the certificate, presented by the Government Finance Officers Association, is awarded as the highest award in governmental budgeting.
The certificate, presented by the Government Finance Officers Association, is awarded as the highest form of recognition in the area of governmental accounting and financial reporting.
What is the CAFR?
In brief, the CAFR shows the City's actual revenues and expenses for the completed fiscal year. Think of it like the City balancing its checkbook.