Monday, June 17, 2024 at 10:50 AM
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Fair Oaks receives two finance awards

FAIR OAKS RANCH – The city is excited to announce that the Government Finance Officers Association (GFOA) presented the City with its Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR Award) for its Popular Annual Financial Report for the fiscal year ended September 30, 2021

FAIR OAKS RANCH – The city is excited to announce that the Government Finance Officers Association (GFOA) presented the City with its Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR Award) for its Popular Annual Financial Report for the fiscal year ended September 30, 2021.

The Award represents a significant achievement by the city. To be eligible for the PAFR Award, the City was also required to submit its annual comprehensive financial report to GFOA’s Certificate of Achievement for Excellence in Financial Reporting Program and receive the Certificate. The city received the Certificate of Achievement for the 2020-2021 fiscal year on January 9, 2023. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting.

The city is excited to add the PAFR award to the growing list of accolades that its Finance Department has received, which include the aforementioned Certificate of Achievement for Excellence in Financial Reporting and its 2021 Distinguished Budget award. All three of the awards together make the City eligible for the Triple Crown, GFOA’s highest honor. The Triple Crown is a recognition of governmental finance departments that have received all three of GFOA’s highest recognitions which the City of Fair Oaks Ranch achieved this year with its newest PAFR Award.

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