BOULDER CITY – The Government Finance Officers Association of the United States and Canada (GFOA) awarded the Certificate of Achievement for Excellence in Financial Reporting to City of Boulder City for its annual comprehensive financial report for the fiscal year ended June 30, 2022. It is the highest form of recognition in governmental accounting and financial reporting that a municipality can receive.
The report, judged by an impartial panel, demonstrates “a constructive spirit of full disclosure," communicating the City’s financial story and motivates potential users and user groups to read the report. “Transparency is critical throughout the budget process for Boulder City residents,” said Taylour Tedder, City Manager for Boulder City. “The Finance Department provides information clearly, so residents can appreciate where the City receives revenues and how those funds are spent.”
The annual comprehensive financial report is prepared and published annually. “The goal of the award program is to encourage local governments to go beyond the minimum requirements of generally accepted accounting principles,” said Cynthia Sneed, Finance Director for Boulder City. “The report reflects the results of operations and financial position for the City and includes additional statistical and analytical information. The report is the result of every transaction processed in the Finance Department and could not be possible without the hard work and dedication throughout the year of each and every member on the Finance Team.”
Last year, Boulder City received the Triple Crown designation by GFOA, winning three distinguished awards in the course of one year. Triple Crown designation recognizes governments who have received GFOA's Certificate of Achievement for Excellence in Financial Reporting or Canadian Award for Financial Reporting, Popular Annual Financial Reporting Award, and Distinguished Budget Presentation Award for fiscal year 2020. We were one of just 317 governments that received the Triple Crown that year, which is a testament to the solid foundation established here at the City.