The Port was notified in June 2018 that it would again be receiving the Certificate of Achievement for Excellence in Financial Reporting. This makes the eighth consecutive year the Port has been recognized. This certificate is awarded by the Government Finance Officers Association of the United States and Canada (GFOA) for the recipients having an outstanding Comprehensive Annual Financial Report (CAFR). The CAFR recognition is the highest award given for governmental accounting and financial reporting, and receiving it indicates a significant achievement by the governmental agency and its management team.
“We are honored to accept this Certificate of Achievement for Excellence in Financial Reporting for the eighth consecutive year,” said Mary Anne Rooney, Oxnard Harbor District President. “This award affirms our administration’s commitment to the highest standards of accurate and transparent reporting, and continues to build community trust in the Port.”
Andrew Palomares, the Port’s Deputy Executive Director & Chief Finance Officer, attributes the CAFR award to the hard work the entire District staff puts into the preparation of the report. “It takes a team effort from all departments to put forth a comprehensive and complete CAFR. This type of organization-wide effort is indicative of just how seriously the District takes the fiscal responsibility we have to the cities and communities within our boundaries. I am especially proud of the District’s Accounting Department who work all year long maintaining top-notch record keeping for the District.” The Port’s Comprehensive Annual Financial Report was judged by an impartial panel, which reviewed it for particular standards and for showing a ‘spirit of full disclosure’ in the Port’s financials.
Established in 1945 by the GFOA, the Certificate of Achievement for Excellence in Financial Reporting Program is intended to move the industry forward by helping state and local governments to go beyond the minimum requirements of generally accepted accounting principles in preparation of their CARFs. The GFOA’s goal for this program is also to recognize local and state governments that succeeded in depicting the spirit of transparency and full disclosure through their reports.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals across the United States and Canada. View the District’s award on the GFOA’s website at www.gfoa.org/cafr.