REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Shannon Buckley, Assistant City Manager
Date:October 8, 2024
Subject: Certificate of Achievement for Excellence in Financial Reporting for the Fiscal Year Ended June 30, 2023
Recommendation
Receive and file the Certificate of Achievement for Excellence in Financial Reporting for the Fiscal Year Ended June 30, 2023.
Discussion
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Lake Elsinore for its annual comprehensive financial report (ACFR) for the fiscal year Ended June 30, 2023. This report has been 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.
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 the government and its management.
Fiscal Impact
There is no fiscal impact associated with receiving and filing this Certificate.
Attachments
Attachment 1 - Certificate of Achievement for Excellence in Financial Reporting