February 14, 2012: The City of Omaha was awarded the Certificate of Achievement in Financial Reporting by the Government Finance Association of the United States and Canada (GFOA) because of its excellent comprehensive annual financial reporting for the second year in a row. Omaha received the award last year for the first time in the City’s history. 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.
“The City’s Finance Department continues to incorporate business principals in city government and it is making a difference at city hall and with taxpayers,” said Pam Spaccarotella, City Finance Director. “This is a significant award and reinforces the Suttle administration’s commitment to, maintaining fiscal stability, managing taxpayer’s money in the most responsible way possible, and creating greater transparency in city government. We have cut spending without cutting essential city services, implemented performance based budgeting, continued to identify efficiencies and cost savings within our departments.”
The City’s Comprehensive Annual Financial Report (CAFR) was judged by an impartial panel which considered several criteria including whether the reports demonstrated a “spirit of full disclosure” to clearly communicate its financial story and motivate potential users to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals.
