Solano County earns seventh GFOA Certificate of Excellence

Solano County earns seventh GFOA Certificate of Excellence

For the seventh consecutive year, Solano County has earned a Certificate of Achievement in Excellence in Financial Reporting from the Government Finance Officers Association. The award is for its Comprehensive Annual Financial Report for the fiscal year ended June 30, 2008.

"The certificate of excellence continues to be our standard," said Auditor-Controller Simona Padilla-Scholtens. “Our tradition of earning this annual seal of approval reflects the day-to-day professionalism of this office in preparing financial statements and reports that are reliable and transparent.”

The County's financial report was judged on its ability to meet the high GFOA standards, including demonstrating a constructive spirit of full disclosure to clearly communicate its financial story and to motivate potential users to read the document. The financial report also satisfied generally accepted accounting principles and all applicable legal requirements.

“In these difficult economic and fiscal times, it is more important than ever for the public and policy makers to have financial information that they can rely on with a high degree of confidence,” Padilla-Scholtens said.

The GFOA describes the award as the “highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its fiscal management.”