Hialeah Receives Award for Excellence in Financing Reporting.
Hialeah, Florida - The City of Hialeah has been awarded the Certificate of Achievement for Excellence in Financial Reporting 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.
The GFOA's Awards for Excellence in Government Finance recognize contributions to the practice of government finance that exemplify outstanding financial management. The awards stress practical, documented work that offers leadership to the profession and promotes improved public finance. Entries may be submitted for consideration in any of the following nine categories:
Accounting, auditing, and financial reporting
Budgeting and financial planning
Cash management and investing
Capital finance and debt administration
Economic development
E-Governments and technology
ERP and financial systems
Management and service delivery
Pensions and benefits
Eight criteria are examined when considering an application for the award: local significance and value, technical significance, transferability, documentation, the cost/benefit analysis, efficiency, originality, and durability. Membership in the GFOA is not required to apply for an award; however, nonmembers and students must be sponsored by an active GFOA member.
This is the first time the City of Hialeah has been chosen to receive the prestigious award which will be presented to Mayor Julio Robaina by the GFOA at a City of Hialeah Council meeting in November.
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