The City of Pearland has again been awarded the Government Finance Officer’s Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2016. The award is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

Each year, the City of Pearland Finance Department produces a Comprehensive Annual Financial Report for the fiscal year ending Sept. 30. This year, just as in the past 38 years, the City's CAFR has received annual recognition from the Government Finance Officers Association (GFOA) of the United States and Canada.

To receive recognition, the City must comply with the highest standards for disclosure and provide pertinent trend information beyond that which is required by the Governmental Accounting Standards Board. The CAFR is judged by an impartial panel to meet the high standards of the program including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. The award was presented to the Finance Department as the department responsible for preparing the award-wining CAFR and the Award of Financial Reporting Achievement.

The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals throughout North America. The CAFR is judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story. The CAFR is submitted and feedback provided each year for continuous improvement, in addition to the Certificate consideration.

The project complies with the Council Strategic Priorities of Fiscally Responsible Government, insuring accountability and transparency into a system of decision-making. More information about the Finance Department is available at pearlandtx.gov.