FROM: Debby Cherney, Chief Executive Officer
SUBJECT: Recognition of the Fiscal Team
RECOMMENDATION:
title
Recognize the Fiscal Team for achieving the Certificate for Excellence in Financial Reporting and Popular Financial Reporting.
body
BACKGROUND:
On November 4, 2021, SBCERA was awarded by the Government Finance Association of the United States and Canada (GFOA) the Certificate of Achievement for Excellence in Financial Reporting for our Comprehensive Annual Financial Report and an Award for Outstanding Achievement for Popular Financial Reporting for our Popular Annual Financial Report for the fiscal year ended June 30, 2020.
The Certificate of Achievement for Excellence in Financial Reporting 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. This is the 24thyear in a row SBCERA has been recognized for this award.
The Comprehensive Annual Financial Report is created annually to provide a detailed overview of the SBCERA Plan (the Plan) and SBCERA's financial, actuarial, and investment-related activities for the year. This document has been judged by an impartial panel to meet the high standards of the program, which include demonstrating a constructive "spirit of full disclosure" that clearly and transparently communicates our financial story.
Separately, the Award for Outstanding Achievement for Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government popular reports. In order to receive this award, a government unit must publish a Popular Annual Financial Report, whose contents conform to program standards of creativity, presentation, understandability, and reader appeal.
A copy of the 2020 Comprehensive Annual Financial Report and Popular Annual Financial Report can be viewed on our website ...
Click here for full text