San Marcos claims top award for excellence in financial reporting
The City of San Marcos was recently recognized with a prestigious award from the Government Finance Officers Association of the United States and Canada.
The City’s Finance Department earned the Certificate of Achievement for Excellence in financial reporting for its comprehensive annual financial report (CAFR) for the fiscal year that ended on June 20, 2019.
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting and it represents a significant accomplishment by a government agency and its management.
“Transparency and accountability are of paramount importance,” said Lisa Fowler, finance director for the City of San Marcos. “This level of recognition from the Government Finance Officers Association is a testament to our commitment to this mission.”
The CAFR was 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 and motivate potential users and user groups to read the report.
San Marcos’ award-winning comprehensive annual financial report can be viewed here.