City of Columbia Finance department receives Excellence in Financial Reporting certificate for 47th year in a row

(COLUMBIA, MO) ~ The City of Columbia's Finance department has once again been recognized for its excellence in financial reporting. The Government Finance Officers Association (GFOA) has awarded the city with its prestigious Excellence in Financial Reporting certificate for the fiscal year 2024.

This marks the 47th consecutive year that the City of Columbia has received this award, solidifying its reputation as a leader in governmental accounting and financial reporting. The GFOA, founded in 1906, represents over 20,000 public finance officials across the United States and Canada.

The comprehensive financial report submitted by the city was judged by a panel and deemed to meet the GFOA's high standards. These standards include a "spirit of full disclosure" which aims to clearly communicate the city's financial story and encourage readers to engage with the report.

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Director of Finance Matthew Lue expressed his pride in receiving this award, stating that it reflects the department's commitment to transparency, accuracy, and a true "spirit of full disclosure." He also commended his team for upholding the highest standards in governmental accounting and financial reporting.

The annual budget report for fiscal year 2024 can be found on CoMo.gov/finance/accounting/financial-reports/, providing community members with clear and accessible information about how public resources are managed.

Receiving this award is a significant achievement for the City of Columbia and highlights their dedication to responsible financial management. The GFOA's recognition serves as a testament to their ongoing efforts to uphold professional criteria while serving their community.

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