City Receives Award for Financial Reporting Excellence

From the City of Union City

The City of Union City is proud to announce that for the 22nd time consecutively, it has received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the 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 the City and its management. Gayle Okada, Supervising Accountant, is recognized by Rich Digre, Administrative Services Director, for her hard work and dedication for preparing the award-winning CAFR for the last 22 years.

The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual in that succeed in achieving that goal.

Reports submitted to the CAFR program are reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee (SRC), which comprises individuals with expertise in public-sector financial reporting and includes financial statement preparers, independent auditors, academics, and other finance professionals.

The receipt of this award is a testament to the long hours and hard work put in by City staff to produce a high quality CAFR. The CAFR documents all of the City's financial transactions and is submitted to the State Controller for review.

To view the City of Union City’s 2011 CAFR, visit: www.ci.union-city.ca.us/admin/cafr.htm