PRESS RELEASE: Morro Bay Receives GFOA Recognition for its Financial Reporting

FOR IMMEDIATE RELEASE
Contact: Emily Conrad, Finance Director
Phone: (805) 772-6217
Email: [email protected]

October 4, 2024

MORRO BAY RECEIVES GFOA RECOGNITION FOR ITS FINANCIAL REPORTING

Morro Bay, Calif. - The City of Morro Bay has been granted a significant award for its transparency in financial reporting. The Government Finance Officers Association of the United States and Canada (GFOA) is the agency that provides best practices, professional development, and research for government finance institutions.

The GFOA awarded the City of Morro Bay a Certificate of Achievement for Excellence in Financial Reporting for its annual comprehensive financial report for the fiscal year ended June 30, 2023. The report was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the report. 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.

Receipt of this award, which the City of Morro Bay has successfully received for the last six consecutive years, underscores the City's commitment to best practices, transparency, and robust communications in the administration of the public's finances.