GG Garden Grove city news

Garden Grove receives recognition for consistent high-quality financial reporting

For the 35th consecutive year, the City of Garden Grove received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA), for its Comprehensive Annual Financial Report (CAFR), this time for fiscal year 2018-2019. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

“We are very proud of another award-winning CAFR, which is a reflection of the high-quality reporting put forth by our Finance Department and Finance Director Patricia Song to provide a thorough report of the City’s financial state that is accurate and transparent,” said City Manager Scott Stiles.

“This award wouldn’t be possible without the diligent and hardworking staff dedicated to our community,” said Finance Director Patricia Song.

The CAFR was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story.

The GFOA represents public finance officials throughout the United States and Canada, serving approximately 20,000 federal, state, and local finance officials.

For more information about the CAFR program, visit gfoa.org/coa. To view the City’s CAFR for the fiscal year ending in June 2019, visit the City’s Open Government portal at ggcity.org.

The article above was released by the City of Garden Grove.