City of Costa Mesa wins top award for financial reporting
The City of Costa Mesa has recently been awarded the highest award for its comprehensive annual financial report (CAFR).
The Government Finance Officers Assn. of the United States and Canada awarded Costa Mesa the prestigious Certificate of Achievement for Excellence in Financial Reporting.
In addition, Asst. Finance Director Colleen O'Donoghue received an Award of Financial Reporting Achievement for being primarily responsible for preparing the award-winning financial report.
According to a statement by the association, Costa Mesa's annual financial report "has been judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive spirit of full disclosure to clearly communicate its financial story and motivate potential users and user groups to read the CAFR."
"Congratulations to our finance department for this high honor," City CEO Tom Hatch said. "This award is another demonstration of the city's commitment to transparency and citizen engagement."