The Finance Department produces the City’s Comprehensive Annual Financial Report (CAFR), also known as an annual audit. The City of Ormond Beach has received a Certificate of Achievement for Excellence in Financial Reporting for the CAFR annually since it began participation in the program in 1990.
The certificate program is administered by the Government Finance Officers Association (GFOA). A certificate is valid for a period of one year only. The certificate of achievement is the highest form of recognition in the area of government accounting and financial reporting.
Certificate of Achievement
To achieve the award, the CAFR must be judged by an impartial panel to meet high standards of the program including demonstrating a constructive spirit of full disclosure to clearly communicate the City’s financial results and status for the year.
The CAFR is submitted to the GFOA certificate program each year for review upon completion of the annual audit.