HomeMy WebLinkAbout01. Receive GFOA Certificate of Achievement for Excellence in Financial Reporting for FY 2021-22 Page 1 of 7
Item 1.
CENTRALSAN
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CENTRAL CONTRA COSTA SANITARY DISTRICT
December 15, 2022
TO: HONORABLE BOARD OF DIRECTORS
FROM: KEVIN MIZUNO, FINANCE MANAGER
REVIEWED BY: PHILIP LEIBER, DIRECTOR OF FINANCE AND ADMINISTRATION
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE THE GOVERNMENT FINANCE OFFICERS ASSOCIATION
(GFOA) CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN
FINANCIAL REPORTING FOR FISCAL YEAR 2020-21
Each year, upon the completion of the audit of the financial statements and preparation of the Annual
Comprehensive Financial Report (ACFR), Central San's Finance Division submits the report to the
Government Finance Officers Association (GFOA) in an effort to earn the Certificate of Achievement for
Excellence in Financial Reporting. Management's goal each year is that the submitted ACFR meets the
high standards of the GFOA's prestigious award program.
Staff submitted Central San's Annual Comprehensive Financial Report (ACFR)for the fiscal year (FY)
ended J une 30, 2021 (FY 2020-21)for review and has been awarded the Certificate of Achievement for
Excellence in Financial Reporting for the 22nd consecutive year. The award is the highest form of
recognition in the area of governmental accounting and financial reporting.
Staff is pleased to announce that the FY 2020-21 ACFR has been judged to meet the criteria and high
standards of the GFOA's award program. The Annual Report demonstrates the "spirit of full
disclosure," clearly communicating its financial story and enabling stakeholders to become more informed
about the overall financial health of Central San.
Strategic Plan re-In
GOAL FOUR: Governance and Fiscal Responsibility
Strategy 1 - Promote and uphold ethical behavior, openness, and accessibility, Strategy 3- Maintain financial stability
and sustainability
ATTACHMENTS:
1. GFOA Press Release
2. GFOA Certificate of Achievement
3. Presentation
December 15, 2022 Regular Board Meeting Agenda Packet- Page 6 of 145
Page 2 of 7
Attachment 1
GOVERNMENT FINANCE OFFICERS ASSOCIATION
NEWS RELEASE
FOR IMMEDIATE RELEASE
10/18/2022 For more information contact:
Michele Mark Levine,Director/TSC
Phone: (312)977-9700
Fax: (312)977-4806
Email: mlevine@gfoa.org
(Chicago, Illinois)—Government Finance Officers Association of the United States and Canada (GFOA) has
awarded the Certificate of Achievement for Excellence in Financial Reporting to Central Contra Costa
Sanitary District for its annual comprehensive financial report for the fiscal year ended June 30, 2021. The
report has been judged by an impartial panel to meet the high standards of the program, which includes
demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate
potential users and user groups to read the report.
The Certificate of Achievement is'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
management.
Government Finance Officers Association(GFOA)advances excellence in government finance byproviding best
practices,professional development, resources, and practical research for more than 21,000 members and the
communities they serve.
203 NORTH LASALLE STREET, SUITE 2700, CHICAGO, ILLINOIS 60601-1210
December 15, 2022 Regular Board Meeting Agenda Packet- Page 7 of 145
Page 3 of 7
Attachment 2
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Central Contra Costa Sanitary District
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2021
P.
Executive Director/CEO
December 15, 2022 Regular Board Meeting Agenda Packet- Page 8 of 145
Page 4 of 7
Attachment 3
December 15,2022
Certificate of
Achievement for
Excellence in
Financial Reporting
Board Presentation
Kevin Mizuno
Finance Manager
1
1
Table of Contents .
1. About the GFOA
2 About the Award -
Eligibility and Review
Process
This year's results -- - - - - - =
Acknowledgements
1
2
December 15, 2022 Regular Board Meeting Agenda Packet- Page 9 of 145 1
Page 5 of 7
Attachment 3
Government Finance Officers
Association (GFOA)
Founded in 1906 representing public
finance officials throughout the United
States and Canada
More than 20,000 members are federal,
state/provincial,and local finance officials r,
deeply involved in planning financing& ,-
implementing thousands oYgovernmental '',�
operations in each of their jurisdictions
GFOA's mission is to advance excellence in ,'
public finance and is the known leader in
the field
Provides best practice guidance, consulting, i -
networking opportunities, publications,
training and award programs
i
3
i
The Award
Established in 1945 to encourage and assist
state and local governments to go beyond
the minimum requirements of GAAP r
Annual Comprehensive Financial Reports '
(ACFRs) are above and beyond GAAP to
evidence the spirit of transparency and full
disclosure
GFOA's Certificate of Achievement for
Excellence in Financial Reporting recognizes
organizations that have achieved this goal °rye
Goal is not to assess financial health of
participating governments, but to ensure
financial statement users have the
information needed to do so themselves =
e.
4
December 15, 2022 Regular Board Meeting Agenda Packet- Page 10 of 145 2
Page 6 of 7
Attachment 3
Eligibility and Review
Process
Reports submitted are reviewed by selected ✓ i6
members of the GFOA professional staff and
the GFOA Special Review Committee(SRC)
The SRC is comprised of individuals with
expertise in public sector financial reporting
including:financial statement preparers,
independent auditors, academics, and other
finance professionals
Must be an ACFR and in almost all
circumstances include an unmodified _
("clean") independent audit opinion ,z
Only awarded if there is a consensus among 3
reviewers the ACFR substantially complies
with both GAAP and program policy
5
This Years Results
Gwemn>em Fimhce Ofri—nn+ Wia
Certificate of
GFOA issued press release October 18, Achievement
2022, announcing award for FY 2020-21 for Excellence
ACFR in Financial
Reporting
22nd consecutive year receiving award
Intend to apply for award for FY 2021-22 Central Contra Costa Sanitary District
ACFR California
For i.--I Co mhemive
Continued staff training on best practices F.i.1 ReWa
Fa the Fired Ye Ceded
and new pronouncements issued by the w 30.M]i
GASB
District-wide collaborative effort
1
6
December 15, 2022 Regular Board Meeting Agenda Packet- Page 11 of 145 3
Page of
Attachment 3
Acknowledgements
December 15, 2022 Regular Board Meeting Agenda Packet- Page 12 of 145
Thank you to all of Central San's Finance Division staff most intimately involved in the ACFR
development efforts leading to the award including the following:
Christopher Thomas (Accounting Supervisor)
Olivia Ruiz (Accounting Supervisor)
Amal Lyon (Accountant)
Diana Diaz (Accountant) r�
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