City of Allen, Texas 2020 Popular Annual Financial Report

Page 13

AWARD-WINNING REPORTING Certificate of Achievement for Excellence in Financial Reporting The City has earned the Certificate of Achievement for Excellence in Financial Reporting for the Comprehensive Annual Financial Report from the Government Finance Officers Association for the twenty-first consecutive year. 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

comprehensive report is compiled by the finance department and audited by an independent firm of certified public accountants. The purpose of the comprehensive report is to give a detailed overview of the City’s financial status, including various funds, investments and debt service obligations. Distinguished Budget Presentation Award The City has earned the Distinguished Budget Presentation Award from the Government Finance Officers Association for the twentyfirst consecutive year. It reflects the commitment of the City’s staff to meet the highest principles of governmental budgeting and the award represents a significant achievement. The budget presents the plan for accomplishing the City’s goals and objectives during the fiscal year. Preparation of this document requires a comparison of the anticipated revenues with adopted programs and priorities that are based on City Council’s priorities, service demands and prior year project commitments. Achievement for Excellence in Procurement The City has also earned the Achievement for Excellence in Procurement (AEP) from the National Procurement Institute for the twentieth consecutive year. The AEP is designed to recognize organizational excellence in public procurement. This prestigious award is earned by those organizations that demonstrate excellence by meeting or exceeding criteria designed to measure innovation, professionalism,

productivity,

e-procurement

and

leadership

attributes of the procurement organization.

Children’s Area at Allen Public Library CITY OF ALLEN POPULAR ANNUAL FINANCIAL REPORT

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