Phoenix recognized for excellence in financial reporting - Ahwatukee Foothills News: Business

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Phoenix recognized for excellence in financial reporting

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Posted: Monday, September 12, 2011 5:06 pm

The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the city of Phoenix by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).

The city has earned the award each year since 1976.

The award-winning CAFR was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive spirit of full disclosure to clearly communicate its financial story.

Of the six largest cities in the United States, Phoenix is the only city that maintains a Standard & Poor's AAA credit rating, with a stable outlook for the city's general credit.

The GFOA is a non-profit professional association serving approximately 17,500 government finance professionals.

To view the CAFR, visit phoenix.gov/citygovernment/financial/reports/cafr/index.html.

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