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City receives GFOA Recognition of "Excellence in Financial Reporting" for 2016 CAFR
The City of Palos Verdes Estates is proud and honored to again receive a “Certificate of Achievement” from the Government Finance Officers Association (GFOA) in recognition of “Excellence in Financial Reporting" for its 2016 Comprehensive Annual Financial Report (CAFR).
Under the auspices of the City Council and through the hard work of staff, the City continues to maintain strong financial reporting, controls and management practices that, per the external auditor, are continually found to be accurate and presented fairly. With the inclusion of the auditor’s findings, the GFOA has recognized the City for its presentation of its finances again and since, at least, 2006.
Per PVEMC 2.04.010, formal recognition of the City's accomplishment is scheduled for the next City Council meeting on September 12th at 7:30 p.m. in Council Chambers, 340 Palos Verdes Drive West. We invite all residents to view the recognition by attending the meeting or streaming it online through the City Meetings page.