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City Receives Honor for Fiscal Responsibility

Post Date:08/17/2018 10:35 AM
When it comes to fiscal responsibility, the City of Rancho Cordova continues to practice strong governmental financial reporting with the goal of reporting finances accurately and transparently. This commitment by the city ensures that residents have access to how and where their money is being spent and this pledge has not gone unnoticed.

The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Rancho Cordova for the 2016-2017 Fiscal Year 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 seen as the highest form of recognition in the area of governmental accounting and financial reporting.

The CAFR is 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.

“Fiscal responsibility continues to be a fundamental objective for the City of Rancho Cordova and this recognition is a source of pride for the city,” says Kim Juran-Karageorgiou, Administrative Services Director. “We take pride in the fact that the city provides a balanced budget each fiscal year.”

This is the ninth consecutive year the City’s Certificate of Achievement for Excellence in Financial Reporting has earned this distinguished award.
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