CITY RECEIVES TWO FINANCE AWARDS

The Government Finance Officers Association of the United States and Canada (GFOA) has recognized the City of Chula Vista for its annual budget and for financial reporting.

The Certificate of Achievement for Excellence in Financial Reporting was granted for the City's Annual Comprehensive Financial Report for the fiscal year ending June 30, 2021. The report has been judged by an impartial panel to meet high reporting standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the report. 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 staff.

Chula Vista also received the GFOA Distinguished Budget Presentation Award for its Annual Budget for the fiscal year beginning July 01, 2022. This award 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 City had to satisfy nationally recognized guidelines for effective budget presentation. Chula Vista has received the Distinguished Budget Presentation Award 19 times.

"We are very pleased to receive this recognition on the City's finances," said Chula Vista Mayor Mary Casillas Salas. "I am proud of our commitment to balancing our budget and maintaining a strong financial foundation."

"This award acknowledges our sound fiscal and accounting practices," stated Finance Director Sarah Schoen. "The City of Chula Vista continues to approve a balanced General Fund annual budget where total expected revenues are equal to total planned spending."

To learn more about the City's budget, visit www.chulavistaca.gov/budget.