This measure indicates the production and quality of the City’s Comprehensive Annual Report (CAFR). The City has had a long-term success in financial reporting. Since at least 1989, Camas has met the Government Finance Officer’s Association (GFOA) standards in financial reporting for every year it was submitted, and as a result has received the Achievement in Excellence Award. In order to achieve the certificate, the City must use an independent auditor, respond to previous comments by GFOA, be complete in scope and meet a submission deadline in addition to other factors. In terms of expediency, the City of Camas has continually produced their CAFR well ahead of needed submission deadlines.
“We look at [a Certificate of Achievement for Excellence in Financial Reporting] as a best practice in the industry. It demonstrates our commitment to transparency and financial accountability."
-Dennis Kauffman, finance operations manager for the City of Sacramento, California
The external audit is important for it highlights the City’s management fairly and accurately expresses the financial position of the City and its actions. The auditors review the financial statements and internal controls. The review also includes notifying the City of any deficiencies that may affect the financial statements. These comments and recommendations are provided to City management for improvements.
Why do we submit our CAFR to the GFOA awards program?
Listen to Dennis Kauffman, finance operations manager for the City of Sacramento, California, describe why his agency has participated in GFOA’s Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) for nearly 30 years.