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18 YEARS, still going strong! Excellence in Financial Reporting awarded to Yuma County…AGAIN

Post Date:08/01/2019 4:00 PM

finacial reporting award 2018

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded Finance Department staff for Yuma County and the Yuma County Jail District with a Certificate of Achievement for Excellence in Financial Reporting for their diligence in publishing the Comprehensive Annual Financial Report (CAFR) for the fiscal year ending June 30, 2018.  The County’s Financial Services Department is no stranger to this honor as this is the 18th consecutive year the GFOA has bestowed this honor for the main Yuma County CAFR and the 16th consecutive year for the Jail District.

This department was selected and recognized by an impartial panel for the way they presented the financial statements in the Comprehensive Annual Financial Report (CAFR), demonstrating the highest standards of financial accounting and full disclosure.

The CAFR is presented in a manner designed to fairly set forth the position and results of operations of the County as measured by the financial activity of its various funds. All disclosures necessary to enable the reader to gain an understanding of the County’s financial affairs are included. There are three sections to the CAFR: the Introductory, the Financial and the Statistical Sections.

Yuma County also received from GFOA, the award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR). This was the 16th consecutive year Yuma County was received this honor.

“PAFRs provide brief analysis of where County revenues come from, where those dollars are spent, and an overview of some trends in the local economy,” explains Gilberto Villegas, Jr., Yuma County Chief Financial Officer and Financial Services Department Director.  “Financial information is presented in an easy to read and understandable format, in an effort to increase public confidence in County government finances through a user-friendly financial report.”

These awards are considered one of the nation’s highest forms of recognition in the area of governmental accounting and financial reporting, and their attainments represent significant accomplishments by a government and its management.

The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, Illinois and Washington D.C.

Both reports, along with other reporting requirements, can be found at the County's website under the Financial Services Department, or visit the Yuma County Administration Building, 198 S. Main Street and any Yuma County Library.

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