The City of Malibu has earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada for its Fiscal Year 2023-24 Annual Comprehensive Financial Report.
This marks the 24th consecutive year the city has received this recognition, the highest form of recognition in governmental accounting and financial reporting.
"Earning this honor for 24 years running speaks to the professionalism of Malibu's staff and our dedication to doing things the right way," said Mayor Marianne Riggins. "Transparency and accountability will always guide how we serve our community."
The certificate is awarded after reports are evaluated by an impartial panel of finance professionals who judge whether they meet rigorous standards of clarity, completeness and transparency.
The Government Finance Officers Association created the Certificate of Achievement program in 1945 to encourage state and local governments to exceed basic accounting requirements and demonstrate commitment to open, accessible public financial reporting. The organization represents approximately 17,500 government finance professionals across the United States and Canada.
For more information about Malibu's financial management, visit http://malibucity.org/financialreports.
To learn more about the GFOA and its Certificate of Achievement program, visit https://www.gfoa.org/coa-award.
Edited by SMDP Staff