Title
Recognition of the Government Finance Officers Association Triple Crown Honor in Awards for the FY2023 Budget, FY2022 ACFR, FY2022 PAFR and for receiving the NMCounties and NM Office of the State Auditor jointly issued Audit Accountability Award for FY2022.
Body
This item is to acknowledge the efforts of County Finance staff in the preparation of the FY2023 Budget, FY2022 Annual Comprehensive Financial Report (ACFR), the FY2022 Popular Annual Financial Report (PAFR) and for receiving the NMC/OSA Audit Accountability Award for its FY22 Audit. These award notifications occurred at various times throughout the past & present calendar year, therefore we are bringing them collectively in one item for Council recognition.
The GFOA announced on January 16, 2024, that Los Alamos County received GFOA's Distinguished Budget Presentation Award for its FY2023 Budget. The press in Attachment A, notes, "The award represents a significant achievement by the entity. It reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. In order to receive the budget award, the entity had to satisfy nationally recognized guidelines for effective budget presentation." This is the 31st year that Los Alamos County has received this honor.
On August 10, 2023, the GFOA announced that Los Alamos County received the Certificate of Achievement for Excellence in Financial Reporting and that, "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." This award marks the 32nd year that Los Alamos County has received this honor.
On November 20, 2023, the GFOA announced that the County's PAFR was awarded the Certificate of Achievement from GFOA. The PAFR "has substantially met the requirements of the PAFR program…these requirements are based on an evaluation of information presented, reader appeal, understandability, distribution and other elements.” This award represents the seventh year of receipt of this distinction in the seven years that the PAFR has been submitted.
On January 30, 2024 GFOA confirmed that Los Alamos County will be receiving its Triple Crown Honor for winning awards in all three reporting categories for the Budget, ACFR and PAFR. This is the fifth year the County will receive the designation.
On January 18, 2024 at the annual NM Counties (NMC) Legislative Conference, the County was presented with the jointly issued Audit Accountability Award from the NM Office of the State Auditor and the NMC Association. This marks the seventh year that Los Alamos County receives this award for audit excellence with zero audit findings.
Attachments
A - FY2023 Budget Award Notification
B - FY2022 ACFR Award Notification
C - FY2022 PAFR Award Notification
D - Financial Achievement & Employee Recognition Slide