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LTC 603-2018 Government Finance Officers Association (GFOA) AwarMIAMI BEACH OFFICE OF THE CITY MANAGER LTC# 603-2018 LEITER TO COMMISSION TO : Mayor Dan Gelber and Members of FROM: Jimmy L. Morales, City Manager DATE: November 14 , 2018 SUBJECT: Government Finance Officers sociation (GFOA) Award of Financial Reporting Achievement for the City's Co prehensive Annual Financial Reporting (CAFR) for the Fiscal Year Ended September 30, 2017 The purpose of this Letter to Commission (L TC) is to inform the Mayor and Commission that the City has received the Award of Financial Reporting Achievement and presented a Certificate of Achievement for Excellence in Financial Reporting for the preparation of the City's Comprehensive Annual Financial Report (CAFR) for the Fiscal Year Ended September 30, 2017. This Certificate of Achievement for Excellence in Financial Reporting was awarded by the Government Finance Officers Association of the United States and Canada (GFOA). 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 award of Financial Reporting Achievement was awarded to the Finance Department, City of Miami Beach, for preparing the award-winning CAFR. This is the thirty first (31 51) consecutive year that the City has received this prestigious award . Please join me in recognizing the Finance Department Staff for all their work on this report. This award would not be possible without them. JLM/JW/AW/R_Q. ~r.J -fU" Attachments ® GOVERNMENT FINANCE OFFICERS ASSOCIATION NEWS RELEASE FOR IMMEDIATE RELEASE 10118/2018 For more information contact: Michele Mark Levine, Director/TSC Phone: (312) 977-9700 Fax: (312) 977-4806 E-mail: mlevine@ gfoa.org (Chicago, Illinoi s)--The Certificate of Achievement for Exce ll e nce in Financial Reporting has bee n awarded to City of Miami Beach by Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and it s attainment represents a significant accomplishment by a government and its management. An Award of Financial Reporting Achievement has been awarded to the ind ividual(s) or department designated by the government as primarily responsible for preparing the award-winning CAFR. The CAFR 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 u ser groups to re ad the CAFR. Government Finance Officers Association is a major professional association s ervicing th e needs of nearly 19, 000 appointed and elected lo cal, state, and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services, and products designed to enhance the skills and p erformance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois , with offices in Washington , D.C. 203 NORTH LASALLE STREET, SUITE 2700, CHICAGO, ILLINOIS 60601 -1210 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to City of Miami Beach Florida For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 2017 Executive Director/CEO ® The Government Finance Officers Association of the United States and Canada presents this AWARD OF FINANCIAL REPORTING ACHIEVEMENT to Finance Department ·City of Miami Beach, Florida The awa rd of Fina ncial Reporting Achievement is presented by the Government Finance Officers Association to th e individual(s) designated as instrumental in their governme nt unit achieving a Cer tificate of Achievement for Excellence in Financial Reporting. A Certificate of Achievement is presented to those government units whose annual financial reports are judged to adhere to program standards and represents the highest award in government financial reporting. Executive Director ~P-~ Date October 18, 2018