Livermore, CA – The Government Finance Officers Association (GFOA) has awarded Zone 7 the Certificate of Achievement for Excellence in Financial Reporting for its Fiscal Year 2020-21 Annual Comprehensive Financial Report (Annual Report). The certificate is GFOA’s highest form of recognition in the area of governmental accounting. This marks the sixth year in a row the Agency has received this esteemed recognition.
“I am proud of the hardworking and dedicated employees at Zone 7 who’ve worked together to produce an Annual Report that exemplifies transparency and accountability,” said Osborn Solitei, Treasurer and Assistant General Manager – Finance. “The Certificate of Achievement is a prestigious national award that recognizes the Agency’s commitment go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure which is in line with Zone 7’s Five-Year Strategic Plan.”
This award represents a significant achievement as it reflects the commitment of the Agency’s Board and Staff for using the highest principles of governmental accounting and financial reporting. It also recognizes the Agency’s commitment to public transparency and accountability and supports Strategic Plan Initiative No. 24 – Continue to effectively manage financial resources for the Agency by conducting annual audits which demonstrates good stewardship of public funds. In order to receive the award, the Agency had to satisfy nationally recognized guidelines for presentation of the Agency’s financial statement.