Miami-Dade County Finance Department wins award for excellence in financial reporting
(MIAMI, May 20, 2015) – Miami-Dade County’s Finance Department recently received the prestigious Certificate of Achievement for Excellence in Financial Reporting for Fiscal Year 2013 from the Government Finance Officers Association of the United States and Canada (GFOA). This marks the 33rd year the Department has been thusly recognized for its Comprehensive Annual Financial Report (CAFR) for the enterprise.
GFOA’s 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. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles.
"The County’s Finance Department is proud to deliver accurate and relevant financial information to the public," said, Edward Marquez, Deputy Mayor/Finance Director. “This is the 33rd occasion the County has received the Certificate of Achievement for Excellence in Financial Reporting. Winning this award for three decades demonstrates our commitment to delivering excellence in our financial reporting. Also recognized for excellence were the enterprise departments Miami-Dade Aviation Department, Port of Miami, Public Works and Waste Management, as well as the Water and Sewer Department.”
The Finance Department’s CAFR was reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee, which comprises individuals with expertise in public-sector financial reporting. A Certificate of Excellence is awarded only if there is consensus among reviewers that a CAFR substantially complies with both generally accepted accounting principles and program policy as established by the GFOA’s Special Review Executive Committee and the GFOA Executive Board. The GFOA is the professional association of state/provincial and local finance officers in the United States and Canada, comprising nearly 17,400 government finance professionals.