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The City of La Palma was recently awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2019.
This is the 22nd consecutive year that the City has received this Certificate, which is the highest form of recognition in governmental accounting and financial reporting. Its attainment represents significant accomplishment by a government and its management.
In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.
Thanks to our Finance staff who strive on a daily basis to attain and maintain excellent results on behalf of the residents and taxpayers of La Palma!
A copy of the 2019 CAFR can be found here.