HomeMy WebLinkAbout1996-05-02 City CouncilC ty
City of Palo Alto
Manager’ Report
TO:HONORABLE CITY COUNCIL
FROM:CITY MANAGER DEPARTMENT: ADMINISTRATIVE
SERVICES
DATE:
SUBJECT:
May 2, 1996 CMR:249:96
RECOGNITION BY THE GOVERNMENT FINANCE
OFFICERS ASSOCIATION FOR THE CITY OF PALO ALTO
1994-95 COMPREHENSIVE ANNUAL FINANCIAL REPORT
REQUEST:
This is an information report, and does not require any Council action.
EXECUTIVE SUMMARY:
The City of Palo Alto was recently informed by the Government Finance Officers
Association (GFOA) that its 1994-95 Comprehensive Annual Financial Report (CAFR) has
been recognized with a Certificate of Achievement for Excellence in Financial Reporting.
This is the second consecutive year that the CAFR has been recognized by GFOA, and
follows recognition by the California Society of Municipal Finance Officers for the 1994-95
CAFR. According to the GFOA, "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."
DEPARTMENT HEAD APPROVAL:
CITY MANAGER APPROVAL:
CC: n/a
Deputy City Manager,
Administrative Serves
~ Manager "
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