(COLUMBIA, MO) ~ Columbia, MO - The City of Columbia has been recognized for its outstanding achievement in financial reporting by the Government Finance Officers Association (GFOA). The city received the GFOA's Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR) for its Popular Annual Financial Report for the fiscal year ended Sept. 30, 2023.

The PAFR Award is given to governments that produce informative and accessible financial reports that enhance public understanding of their financial position and operations. Each eligible report is evaluated by judges based on categories such as reader appeal, understandability, distribution methods, creativity, and other elements.

According to Director of Finance Matthew Lue, "This award acknowledges the City's efforts in producing an informative and accessible financial report that enhances public understanding of our financial position and operations. We take pride in maintaining high standards of accountability and ensuring that our community has clear and meaningful insights into the City's financial health."

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The Popular Annual Financial Report is intended to summarize the financial activities of the City of Columbia government and includes a portion of information from the 2023 Annual Comprehensive Financial Report (ACFR). In order to be eligible for the PAFR Award, a government must also submit its ACFR to GFOA's Certificate of Achievement for Excellence in Financial Reporting Program and receive the certificate for the current fiscal year. The City of Columbia has received this certificate for 46 consecutive years.

With this latest recognition, the City of Columbia has become a GFOA Triple Crown Winner. This prestigious honor recognizes governments that have received GFOA's Certificate of Achievement for Excellence in Financial Reporting, Popular Annual Financial Reporting Award, and Distinguished Budget Presentation Award.

Residents can access each Popular Annual Financial Report and other reports related to the City's annual budget on CoMo.gov/finance/accounting/financial-reports/.

The Government Finance Officers Association was founded in 1906 and represents over 20,000 public finance officials throughout the United States and Canada. Its members are federal, state/provincial, and local finance officials who are deeply involved in planning, financing, and implementing thousands of governmental operations in their jurisdictions.

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