Miami, Florida – Miami-Dade County has once again demonstrated its commitment to outstanding financial management by securing the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting. This year marks the 43rd occasion the county has been honored with this prestigious accolade, underscoring its long-standing dedication to transparency and excellence in financial reporting.
Consistent Achievement in Financial Excellence
The award was given for the county’s Annual Comprehensive Financial Report (ACFR) for the fiscal year 2022, a testament to the meticulous work and high standards upheld by the Miami-Dade Finance Department. The achievement highlights Miami-Dade’s continued excellence in state and local government financial reporting, making it a model of accountability and governance for public administrations nationwide.
In addition to the county’s finance department, several of Miami-Dade’s enterprise departments, including Miami-Dade Aviation, Seaport, Solid Waste Management, Transportation and Public Works, and the Water and Sewer Department, were individually recognized. Each of these departments not only contributes significantly to the functioning of the county but also upholds the highest standards of financial reporting and management.
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Leadership and Recognition
Miami-Dade County Mayor Daniella Levine Cava praised the efforts of Finance Director Barbara Gomez and the awarded departments, stating, “Congratulations to our Finance Director, Barbara Gomez, and to these exemplary departments for this well-deserved recognition. They have demonstrated that not only do they deliver excellence every day to our residents, but also demonstrate excellence in their financial reporting and internal processes. We are so proud of them and of all our county departments who work so hard to serve our residents every day.”
The GFOA’s rigorous criteria for the Certificate of Achievement for Excellence in Financial Reporting includes conformance with generally accepted accounting principles and thoroughness in disclosure and detail sufficiency. Applicants are assessed based on local significance and value, technical significance, transferability, documentation, cost/benefit analysis, efficiency, originality, and durability. Submissions are meticulously reviewed by a Special Review Committee comprised of professionals from the public sector experienced in financial reporting, independent auditors, and other finance professionals.
Setting the Standard for Government Finance
The GFOA encourages and recognizes the highest standards in government accounting and financial reporting across the United States and Canada. The award of excellence signifies that the annual financial reports exceed the minimum requirements of generally accepted accounting principles, promoting transparency and full disclosure. This commitment to excellence is integral to building trust and ensuring the efficient use of resources.
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Founded in 1906, the GFOA represents public finance officials throughout the United States and Canada, aiming to enhance and promote the professional management of governmental financial resources by identifying, developing, and advancing fiscal strategies, policies, and practices for the public benefit.
