The City of Manassas Park is pleased to announce that we have been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for the comprehensive annual financial report (CAFR) for the fiscal year ending June 30, 2019.
The CAFR 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. This award is typically given for sound financial management and strategy and transparency.
This is a significant milestone for our City, and is one of many accomplishments over the last few years to turn around our financial position including restoring our credit, refinancing our debt and surviving the debt peak period in our City’s history, and moving from a negative financial position to a $2M positive fund balance. Congratulations to our CFO Pon Yusuf and the entire Finance Department staff for their hard work in achieving this special recognition! Thanks to their efforts and the leadership of our City, we went from being un-auditable from 2016-2017, to being awarded for our Audit! This despite inheriting a failed financial software implementation, which presented a significant obstacle towards proper accounting.
The GFOA is a professional association of approximately 21,000 state, provincial, and local government finance officers in the United States and Canada. Its mission is to advance excellence in government finance by providing best practices, professional development, resources, and practical research. Please see the below News Release, and the attachment for more information.