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CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING Government Finance Officers Association 1995 RESULTS The Certificate of Achievement for Excellence in Financial Reporting is an award designed to recognize and encourage excellence in financial reporting by state and local governments. The attainment ora Certificate of Achievement represents a significant accomplishmem for a government and its management. The Certificate of Achievement for Excellence in Financial Reporting Program (Certificate Program) was established by the Government Finance Officers Association (GFOA) in 1945. The GFOA instituted the program to encourage all government units to prepare and publish an easily readable and understandable comprehensive annual financial report (CAFR) covering all funds and financial transactions of the government during the fiscal year. The GFOA believes that governments have a special responsibility to provide the public with a fair presentation of their financial affairs. CAFRs go beyond the requirements of generally accepted accounting principles (GAAP) to provide the many users of gnvernment t'mancial statements with a wide variety of information useful in evaluating the f'mancial condition of a government. To be eligible for a Certificate of Achievement, a report must be the published CAFR of a unit of government, a college, a university or a public employee retirement system. Eligible CAF]Ks must include general purpose financial statements presented in conformity with GAAP. These reports are also required to have been audited in accordance with generally accepted auditing standards, with the auditor taking at hmst "in relation to" responsibility for combining, individual fumt and account group presentations. To earn a Certificate of Achievement, a CAFR should give a clear and thorough view of the government's finances. Award-winning reports should enhance the reader's understanding of the information required by GAAP for fair presentation of the t'mancial statements, be efficiently organized and adhere to certain generally accepted terminology and formaRing conventions. The CertificaIe Program provides participants with extensive technical reference material on governmental accounting and financial reporting theory. This material provides finance officiak with the tools they need to improve their financial reporting techniques. To participate in the Certificate Program, government units must complete an application form and submit three copies of their CAFIL with the appropriate fee, to the GFOA for review by the Certificate Program's Special Review Committee. Applications can be obtained from the GFOA's Certificate Program staff in Chicago (312/977-9700). Submissions must be postmarked within six months of the government's fiscal year end. AWARD WINNERS FOR FISCAL YEARS ENDED IN 1994 ALABAMA Auburn B~rmingham Brew~on Decatur Dothan Hoover Huntsville Irondale Mobile Montgomery Tuscaloosa Wetumpka ALASKA Alaska Public Employees\Teachers Retirement System Anchorage School District Anchorage, Municipality of Bering Strait School District Fairbanks North Star Borough Fairbanks North Star Borough School District Homer Juneau, City and Borough of Kashunamiut School District Kenai Peninsula Borough Kenai Peninsula Borough School District Ketchikan Ketchikan Gateway Borough Kodiak island Borough The Lake and Peninsula School District Matanuska-Susima Borough North Slope Borough Seward Soldoma Southwest Region School District Valdez ..- AMERICAN SAMOA American Samoa Government Employees' Retirement Fund ARIZONA Arizona Depa,iment of Transportation Arizona State Retirement System Arizona Depa, hnent of Economic Security Avondale Avondale Elementary School District No. 44 Bullhead City Cartwright Elementary School District No. g3 Casa Grande Casa Grande Elementary School District No. 4 Casa Grande Union High School