City of Fresno Recognized for Excellence in Financial Reporting!

FRESNO, CA (November 24, 2004) - The Certificate of Achievement for Excellence in Financial Reporting has been awarded to; The City of Fresno for the 11 th consecutive year, by the Government Finance Officers Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report (CAFR), for the fiscal year ended June 30, 2003. 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.

Additionally an award of Financial Reporting Achievement has been awarded to the Finance Department – Financial Reporting/Grants Management Section, of the group primarily responsible for preparing the award-winning CAFR. This Award is of particular significance in that this was the City’s second year in implementing the new financial reporting model under GASB Statement No. 34 Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments.

Finance would like to thank all City departments for their cooperation and assistance in the CAFR preparation, but would particularly like to thank the 2003 CAFR staff:

Ruth F. Quinto, Finance Director/City Controller
Karen M. Bradley, CPA, Assistant Controller

Mike Getty, CPA, Principal Accountant        Mary Jean Rodriguez, Accountant-Auditor
Kim Jackson, Management Analyst III          John Simpson, Accountant-Auditor
Margaret Bell, Senior Accountant-Auditor   Ge Vang, Accountant-Auditor
Kevin Vogt, Senior Accountant-Auditor       Terri Saldivar, Executive Secretary
                                        Shana Nero, Secretary

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.

The GFOA is a nonprofit professional association serving approximately 14,000 government finance professionals with offices in Chicago, Illinois, and Washington, D.C.

CONTACT: Ruth F. Quinto, City Controller (559) 621-7021

Daniel G. Hobbs, City Manager
Contact: Ken Shockley, Public Affairs Officer: (559) 621-7777