SSF Recognized for Excellence in Financial Reporting for 35th Year
Published on August 21, 2024
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the City of South San Francisco for its Annual Comprehensive Financial Report for the fiscal year ended June 30, 2023.
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management, according to GFOA.
”We are proud to have received the GFOA Certificate of Achievement for Excellence in Financial Reporting for the 35th time,” said South San Francisco’s Finance Director Karen Chang. “We believe attaining this award reflects City’s commitment to financial transparency by sharing information consistent with the highest standards in governmental financial reporting.”
The GFOA established the award program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles in preparing annual comprehensive financial reports. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirt of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.
The GFOA is a professional organization serving more than 21,000 government finance professionals across the United States and Canada whose mission is to advance excellence in government finance by providing best practices, professional development, resources, and practical research.
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About the City of South San Francisco
The City of South San Francisco proudly remains The Industrial City, a reflection of its steel mill and ship building past, redefined to reflect the innovative, entrepreneurial, and industrious spirit which has made South San Francisco the Biotech Capital of the World, with 217 active biotech companies and growing. A vibrant community of 66,185 residents, South San Francisco enjoys a high quality of life with an extensive public parks system, active library and learning programming and a dynamic, engaged community making South San Francisco a great place to live, learn, work, and play.