RSCVA Awarded for Excellence in Financial Reporting

2012-01-25

The Reno-Sparks Convention and Visitors Authority announced today The Certificate of Achievement for Excellence in Financial Reporting and the Distinguished Budget Presentation Award has been awarded to the organization by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR) for the 23rd consecutive year.
 
The GFOA’s Distinguished Budget Awards Program is the only national awards program in governmental budgeting. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting.
 
In order to receive the budget award, the RSCVA had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity’s budget serves as a policy document, a financial plan, an operations guide and a communication device. Budget documents must be rated “proficient” in all four categories to receive the award.  
 
When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual designated as being primarily responsible for its having achieved the award. The Certificate has been presented to Brian Rivers, director of finance, RSCVA. The purpose of the Government Finance Officers Association is to enhance and promote the professional management of governments for the public benefit by identifying and developing financial policies and practices and promoting them through education, training and leadership. It is a nonprofit professional association serving approximately 17,000 government finance professionals with offices in Chicago, Ill. and Washington D.C.