Due to the ongoing diligent efforts of each of the Finance Department staff, the City of Troutdale has just successfully obtained the 29th consecutive year of the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting.
Of the 38,000 municipal governments across the country, Troutdale is among the only 4,299 which obtain the Certificate of Achievement for Excellence in Financial Reporting Program.
The GFOA established the CAFR Program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of accounting principles and prepare comprehensive annual financial reports that display the spirit of transparency and full disclosure. While the goal of the program is not to assess the financial health of each government taking part, it does aim to ensure that everyone who uses financial statements provided by the participating governments has the information they need.
We’d like to congratulate everyone in the City’s Finance Department for achieving this honor!