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ORO VALLEY, Ariz. (Oct. 11, 2022) – The Town of Oro Valley has been named a Triple Crown Winner for fiscal year 2020 by the Government Finance Officers Association (GFOA). The Triple Crown designation recognizes governments that have received GFOA’s Certificate of Achievement for Excellence in Financial Reporting, Popular Annual Financial Reporting Award and the Distinguished Budget Presentation in a single fiscal year. The Town of Oro Valley is one of just 317 governments that received the Triple Crown for fiscal year 2020.
“We are thrilled to be recognized by the GFOA for achieving this distinction,” said Chief Financial Officer, David Gephart. “It reflects the many hours of our dedicated, hard-working team who care about and are charged with producing accurate, easy-to-read financial information reflecting the highest standards in our industry.”
The Town of Oro Valley’s Finance Department is primarily responsible for preparing documents recognized by the GFOA. The Triple Crown designation represents a significant achievement. To qualify, each entity must meet the high standards of all three separate award programs. The Town has a long history of receiving awards from the GOFA (more information below); however, staff was just notified of its Triple Crown status for FY 2020.
About each award program
Certificate of Achievement for Excellence in Financial Reporting – This is the highest form of recognition in the area of governmental accounting and financial reporting given by the GFOA. Year-to-date, the Town has won this award 27 consecutive times.
Popular Annual Financial Report – This report recognizes governments who pull information from their Annual Comprehensive Financial Report to create a Popular Annual Financial Report designed to be accessible and easy to understand to the general public. Year-to-date, the Town has won this award eight consecutive times.
Distinguished Budget Presentation – To receive this award, governments must satisfy nationally recognized guidelines for effective budget presentations. These guidelines are designed to assess how well an entity’s budget serves as a policy document, financial plan, operations guide and communications device. To receive the award, budget documents must be rated “proficient” in all four categories. Year-to-date, the Town has won this award 14 times.
The Government Finance Officers Association is a major professional association servicing the needs of 21,000 appointed and elected local, state and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago.