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Palmdale honored again for ‘Excellence in Financial Reporting’

by The AV Times Staff • September 16, 2014

Palmdale Financial Reporting AwardPALMDALE – The City of Palmdale has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR) for the fiscal year ending June 30, 2013.

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.

The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

“This marks the 25th consecutive year that the City of Palmdale has been recognized by the GFOA with a Certificate of Achievement,” said Palmdale’s City Manager Dave Childs. “One of our key components to our City’s Strategic Plan is ‘financial health,’ and it is great to see the direction given to us by our City Council and the professionalism, hard work and excellence by staff be acknowledged in such a way. This is something that our entire community can be proud of.”

The City of Palmdale’s Finance Department is responsible for overall financial planning for the City, revenue administration, and budget control. The department also provides payroll services, purchasing, administration of the City’s outstanding debt obligations, and acts in a fiduciary capacity for four assessment districts and three community facilities districts. The department also assists the City Manager in the preparation of the annual budget, invests City funds for both short and long-term purposes, and provides cash management for the City.

The GFOA is a nonprofit professional association serving approximately 17,800 government finance professionals throughout North America.

For more information on the GFOA, please contact Stephen Gauthier at 312-977-9700.

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[Information via press release from the city of Palmdale.]

Filed Under: Palmdale

12 comments for "Palmdale honored again for ‘Excellence in Financial Reporting’"

  1. Mark says

    September 16, 2014 at 12:21 pm

    BFD

    • Eric says

      September 16, 2014 at 1:22 pm

      Proper accounting of money is a BFD.

    • Bell Ring a Bell says

      September 16, 2014 at 2:17 pm

      Tell that to the boys from Bell who are in jail.

    • Bob S says

      September 18, 2014 at 6:59 am

      When does Lancaster get its financial award for mismanagement?

      • William says

        September 18, 2014 at 11:35 am

        Award, you say? As soon as Rex can buy one.

        All those awards Lancaster gets sure don’t match what you see when you go there in person.

        I think some of those awards for the blvd were just submitted videos and no one from an ‘award committee’ ever came and saw it for themselves. If they did, how on earth could they give an award?

        • Bob S says

          September 18, 2014 at 7:39 pm

          I feel certain Lancaster’s council will qualify for the Machiavelli Award for bad deeds with bad intents or at the very least an award for all around buffoonery.

          • William says

            September 18, 2014 at 8:22 pm

            I feel sorry for whoever is stuck being mayor next time who will have to try and fix Lancaster and its reputation after Rex trashed it. It’s gonna be a very difficult uphill slog.

            Meanwhile, Palmdale is pulling so far ahead in so many areas, Lancaster will never, ever catch up. I mean, if conservative Chick Fil A locates first in Palmdale instead of Lancaster, that’s a ‘canary in a coal mine’. What other well-known, desirable business will locate in Lancaster from now on unless they are bribed with $$$s.

            I’m guessing BYD will pick up and move to another state like Starwoods did if they do manage to make a lot of buses.

            Does anyone think Rex is gonna hang around and reside in Lancaster forever when he has other homes at the beach or wherever?

            Place yer bets, folks. I’m betting he won’t run next time and leave the clean up to Marv, poor, poor Marv. Who else is being groomed at the moment for that task?

          • Bob s says

            September 19, 2014 at 11:51 am

            Anywhere else Rex would simply just be another little man with a little man’s complex chasing ambulances and barking to be heard. Here in Lancaster he’s somebody who people love and hate and feed him with the attention his poor little soul craves.

          • William says

            September 19, 2014 at 1:47 pm

            @Bob s
            Rex is a big fish in a little pond here in the Antelope Valley.

            If he had any pull, why doesn’t he go down to Los Angeles’ and meet face to face with the people there about their sending the homeless to Lancaster on Metrolink…..if he’s such a big shot?

            If he closes the Metrolink station, he’ll still have the homeless on the blvd to deal with and upset commuters. How does that solve the problem? He is such a ‘brilliant’ mayor.

            He couldn’t supervise an ant farm.

      • Junk is Junk says

        September 18, 2014 at 4:27 pm

        Hehehe Bob S. Hehehe. The financial award is JUNK BONDS. That’s all our bonds are worth. JUNK. Massive debt, stupid spending projects, JUNK BONDS. It wasn’t always like this in Lancaster. Not long ago before a certain trial attorney took the reigns……………………..

        • William says

          September 18, 2014 at 6:16 pm

          Careful, Junk is Junk

          This is what happens when the church lady sees criticism of Lancaster. She’s losin’ her mind.

          bird
          September 18, 2014 at 4:17 pm

          William—Now you know that isn’t true William. You are universally obnoxious and vile to everyone therefore I could never be offended by your comments. I know how you bully and abuse everyone you come in contact with online. Have a nice day, actually I don’t think you know how to.
          Reply

          bird
          September 18, 2014 at 4:33 pm

          William—I forgot to mention that you really need to stop projecting. People that have read your comments know that you are the most self-righteous, hypocrite.

          • bird says

            September 19, 2014 at 2:31 am

            William—Actually Billy, I don’t even live in Lancaster, so once again you just go off on some rant that makes no sense. Going off on your nonsensical rants about others is what you do. You’re just not a likable guy Bill.

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