For its financial reporting Oro Valley has been named a fiscal year 2024 “Triple Crown” winner by the Government Finance Officers Association, the town said in a release.
The Triple Crown recognizes governments that have received GFOA’s Certificate of Achievement for Excellence in Financial Reporting, Popular Annual Financial Reporting Award and the Distinguished Budget Presentation Award in a single fiscal year.
This is Oro Valley’s 13th consecutive year as a Triple Crown winner.
“We’re pleased to once again be recognized by the GFOA for achieving this distinction,” said Chief Financial Officer David Gephart. “Earning the Triple Crown reflects our team’s ongoing commitment to accuracy, transparency, and continuous improvement. I’m proud of the professionalism and care our staff bring to every report we produce because it’s work that builds trust with our community and demonstrates strong financial stewardship by the town.”
The town’s finance department is primarily responsible for preparing documents recognized by the GFOA. “The Triple Crown designation represents a significant achievement,” the release said. “To qualify, each entity must meet the high standards of all three separate award programs.”
The Certificate of Achievement for Excellence in Financial Reporting is the highest form of recognition for governmental accounting and financial reporting. Oro Valley has earned the award 31 consecutive times.
The Popular Annual Financial Report Award recognizes governments that pull information from their Annual Comprehensive Financial Report to create information “designed to be accessible and easy to understand to the general public,” the release said. Oro Valley has won the award 13 consecutive times.
Lastly, the Distinguished Budget Presentation Award is presented to governments that satisfy nationally recognized guidelines for effective budget presentations. These guidelines assess how well an entity’s budget serves as a policy document, financial plan, operations guide and communications device. To receive the award, budget documents must be rated “proficient” in all four categories. Oro Valley has won the award 17 consecutive times.
The Government Finance Officers Association is a major professional association servicing the needs of 21,000 appointed and elected local, state and provincial-level government officials and other finance practitioners.
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