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Posted on: July 11, 2023

City of Cedar Falls Earns Excellence in Financial Reporting Award

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The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Cedar Falls.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. It represents a significant accomplishment by a government and its management. The report has been 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 award recognizes the City of Cedar Falls for its annual comprehensive financial report for the fiscal year ended June 30, 2022.

"Cedar Falls has received this honor from GFOA for the past several years and it is a tribute to the continued outstanding work by the City finance team to ensure that there is an efficiently organized annual comprehensive report that not only conforms to program standards but is also easily readable for our community," said Jennifer Rodenbeck, Director of Finance and Business Operations for the City of Cedar Falls. "Each year, our finance staff puts in hundreds of hours in preparation for the annual audit. This includes creating a complete set of audited financial statements that are presented in conformity with generally accepted accounting principles. Staff also ensures that the financial statements are in compliance with the Government Standards Board and financial accounting is in compliance with Iowa Code."

"This recognition is truly made possible because of the commitment of the City finance team. We thank them for their hard work and dedication to Cedar Falls."

The public can view the annual City of Cedar Falls audit report at bit.ly/CFFYR23.

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