The Port of San Diego has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFAO) of the United States.
The port said the certificate is the highest form of recognition in the area of governmental accounting and financial reporting.
"It's very appropriate that the Government Finance Officers Association is recognizing the Port of San Diego for excellence in financial reporting in 'a spirit of full disclosure,'" said Port Chairman Dan Malcolm. "This award shows the port's efforts to embody its core values – especially transparency and accountability – and it highlights the spirit of excellence that defines our organization."
"The port is constantly striving for improvement in how it communicates with the public about carrying out its mission as the steward of San Diego Bay, and this award recognizes our progress in this regard," said CEO Randa Coniglio. "This is a fitting tribute to the effort, skill and attention to detail that go into our financial reporting process."
"I am very proud of the Port's Finance Department for preparing financial statements that seek to inform, enlighten and communicate the Port's financial story to the public," said CFO Robert DeAngelis. "I congratulate our team for going the extra mile to make this year's report the best our agency has produced.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals.
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.