The Government Finance Officers Association of the United States and Canada (GFOA) recently awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Redwood City for its annual comprehensive financial report for the fiscal year ended June 30, 2021. This is the 35th consecutive year that Redwood City has received this prestigious award. 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.
“I am proud the City has received the GFOA Certificate of Achievement for Excellence in Financial Reporting for the past 35 consecutive years,” said City Manager Melissa Stevenson Diaz. “This award represents our ongoing interest and unwavering commitment in planning and conducting the financial operations of the City in a responsible and sustainable manner.”
The GFOA initiated the award program in 1945 to encourage and assist local governments to go beyond the minimum requirements of accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and to recognize individual governments that succeed in achieving the goal.
The report was judged by an impartial panel to meet the high standards of the program. In order to be awarded a certificate of achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both accounting principles generally accepted in the United States of America and applicable legal requirements.
The City’s 2021 Annual Comprehensive Financial Report is available online at www.RedwoodCity.org/FinanceReports.
The City’s 2022 Annual Comprehensive Financial Report will be presented to the City Council in March 2023.
About GFOA: Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.
About the City of Redwood City: The City of Redwood City is a San Francisco Bay Area community located in the heart of Silicon Valley, the technology-rich region extending from the San Francisco Peninsula to the foothills of the Santa Cruz Mountains. Redwood City is the third largest city within the County of San Mateo, with 85,992 residents. The city enjoys an average of 255 sunny days a year, which it boasts via the city slogan: “Climate Best by Government Test.” Incorporated in 1867, Redwood City is home to the San Mateo County History Museum (located in the county’s old courthouse) and the only active deep-water port within the south bay of San Francisco. The city’s vibrant downtown, quickly becoming known as the entertainment hub of the San Francisco Peninsula, offers residents, visitors, and businesses a unique retail, entertainment, and restaurant experience.