City of Port St. Lucie Honored for Exceptional Financial Reporting

City of Port St. Lucie Honored for Exceptional Financial Reporting

PORT ST. LUCIE – The City of Port St. Lucie was recently honored with the nation’s highest form of recognition in the area of governmental accounting and financial reporting.

This is the 26th year the City has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association. It received this honor for the Comprehensive Annual Financial Report for the fiscal year that ended Sept. 30, 2016.

“This is the highest honor a Comprehensive Annual Financial Report (CAFR) can earn,” said Ed Fry, Director of Finance. “This is an excellent recognition that shows our taxpayers that we are going above and beyond to fully disclose the financial standing of the City, and to maintain the transparency and accountability that we pride ourselves on.”

The Comprehensive Annual Financial Report (CAFR)

is completed by the City’s Finance Department every year. The City’s annual budget is a spending plan showing where funds will be allocated. The CAFR shows in detail how those funds were spent. It contains the results from a fiscal year compared to previous years, and also contains a section that provides a comparison of the annual budget and actual spending. Additionally, the CAFR gives a detailed showing of investment accounts by category reflecting balances over previous years.

The GFOA’s certificate 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 CAFR was judged by an impartial panel.

The GFOA is a nonprofit professional association serving about 17,500 government finance professionals across the United States.

The City of Port St. Lucie publishes its CAFRs on the City’s website.  Those interested in reading these award-winning reports can visit: https://www.cityofpsl.com/finance/comprehensive_annual_financial_reports.html

About

The City of Port St. Lucie is proud to be a hometown where people live, learn, work and play, and celebrate all of life’s opportunities. With over 185,000 residents, Port St. Lucie is Florida’s eighth largest city by population (South Florida’s 3rd largest city). The City occupies an area of 120 square miles in St. Lucie County on Florida’s east coast, about 50 miles north of West Palm Beach, half way between Miami and Orlando. The City provides most traditional municipal services including law enforcement, water and sewer, and public works. For more information, please visit: www.cityofpsl.com.