Delta Diablo is proud to receive the Government Finance Officers Association (GFOA) of the United States and Canada award for Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report (CAFR) and recognize the Finance Division and the Business Services Director for receiving GFOA Awards of Financial Reporting Achievement (AFRAs) covering the fiscal year ended June 30, 2018. The Certificate of Achievement is a prestigious national award, 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. In order to be awarded a Certificate of Achievement, a government agency must publish an easily readable and efficiently-organized CAFR. This report must satisfy both generally-accepted accounting principles (GAAP) and applicable legal requirements. The CAFR has been judged by an impartial panel as meeting the high program standards, which include a constructive “spirit of full disclosure” to clearly communicate an agency’s financial story and motivate potential users and user groups to read the CAFR.
In addition, AFRAs are presented to individuals designated by the agency as primarily responsible for its having earned the certificate. Under the leadership of the Business Services Director, the District’s Finance Division worked to compile the award-winning CAFR and ensured that the report fully complied with rigorous GFOA standards. The District has achieved 15 consecutive “clean” financial audits, which is a tribute to Finance Division staff efforts. Receiving the Certificate of Achievement and associated AFRAs can only be accomplished upon completion of a CAFR, which is a more accurate and meaningful report on the District’s financial condition than the basic financial statements typically completed. It is estimated that 1.4% of California Special Districts and approximately 0.8% of Special Districts on a national level received this prestigious recognition in 2017.