Excellence in Financial Reporting 28 Years in a Row!
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports (CAFR Program) that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. The goal of the program is not to assess the financial health of participating governments, but rather to ensure that users of their financial statements have the information they need to do so themselves.
The City of Dana Point has been awarded the GFOA's Certificate of Achievement for Excellence in Financial Reporting for year ended June 30, 2016. This Achievement for Excellence has been awarded to the City of Dana Point for the past 28 consecutive years (FY 1989 - FY 2016).