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."
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