City and County of Honolulu News Releases

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HONOLULU AWARDED FOR EXCELLENCE IN FINANCIAL REPORTING (Thurs., Sept. 1, 2011)—Mayor Peter Carlisle announced today that the City and County of Honolulu has received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada. "The City takes its responsibility for managing taxpayer money very serious, and this award is a strong indicator that we are doing so carefully and transparently," Carlisle said. The Certificate recognizes excellence in the City's Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended on June 30, 2010. Preparation of the CAFR was overseen by the Department of Budget and Fiscal Services under Director Michael Hansen. The CAFR was judged by an impartial panel to meet the Association's high standards, including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the document. The award is the group's highest form of recognition in the area of government accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management, according to the Association. This was the 24th time the City has received the award. -30-   Media contact: Louise Kim McCoy, Mayor's Office, 768-7798.