|The Certificate of Achievement for Excellence in Financial Reporting was awarded to the City of Waterbury by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).
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.
In order to receive the Certificate of Achievement, the City of Waterbury Department of Finance published an easily readable and efficiently organized comprehensive annual financial report. The 2013 Comprehensive Annual Financial Report satisfies both accounting principles generally accepted in the United States of America and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. The City believes that our 2014 Comprehensive Annual Financial Report will continue to meet the Certificate of Achievement Program’s requirements when completed. We will be submitting the 2014 CAFR to the GFOA for certification of achievement in November or December 2014.
The CAFR was 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 GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.