The Annual Comprehensive Financial Report for the fiscal year ending June 30, 2024 of the city of New Bedford has earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). The GFOA is a foremost association of government professionals in Canada and the United States.
This is the highest form of recognition in financial and accounting reporting in government. Attaining this recognition represents a major accomplishment by a government and those who manage it. News of such recognitions is often made known throughout a city with flyer printing.
This is the fifth consecutive year that the city has been recognized in this fashion for its financial reporting. The city was also awarded the Distinguished Budget Presentation Award for its adopted budget for 2026, which is the first time the city has implemented a digital platform for this process. This reflects the commitment of the city to meeting the highest standards of governmental budgeting.
The Certificate of Achievement for Excellence in Financial Reporting program was established by the GFOA is 1945 to assist and encourage local and state governments to prepare annual comprehensive financial reports that demonstrate the spirit of transparency. The Distinguished Budget Presentation Award Program was established in 1984 to assist and encourage local and state governments in preparing high-quality budget documents that reflect industry standards and best practices.
