The City has been awarded the GFOA (Government Finance Officers Association) Award for Financial Reporting for its 2013-14 CAFR (Comprehensive Annual Financial Report). This is the 20th consecutive year that the City has achieved this prestigious award. In order to be awarded the Certificate of Achievement, the governmental entity must publish an easily readable and efficiently organized CAFR, the contents of which conform to program standards. This report must satisfy both accounting principles generally accepted in the US, as well as all applicable legal requirements.