The Government Finance Officer’s Association (GFOA) established the Certificate of Achievement for Excellence in Financial Reporting Program which the City annually participates in. The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR 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 that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.
Reports submitted to the CAFR program are reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee (SRC), which comprises individuals with expertise in public-sector financial reporting and includes financial statement preparers, independent auditors, academics, and other finance professionals. Review the City’s award winning Comprehensive Annual Financial Reports.
Ohio Auditor of State Financial Health Indicator Reports
Financial Health Indicators are a proactive approach to monitoring or assisting cities and counties that show early signs of fiscal stress. There are 17 indicators for entities that report financial statements using the Generally Accepted Accounting Principles (GAAP) and 15 for those that use a cash or modified cash basis of accounting – are a collection of financial information, percentages and ratios gathered from annual financial statements filed by local governments with the Auditor’s office in addition to their audit reports. The indicators are useful in predicting both financial stability and stress.
View the Financial Health Indicator Reports