The City of Amarillo (COA) has earned two awards from the Government Finance Officers Association (GFOA) for governmental accounting and financial reporting.
COA was awarded the Certificate of Achievement for Excellence in Financial Reporting for the Annual Comprehensive Financial Report (ACFR) for the fiscal year ended September 30, 2024. In addition, COA was awarded the Popular Annual Financial Reporting (PAFR) Award for the same period.
“These awards signify the continued dedication and commitment to financial transparency by the city’s chief financial officer and the entire city financial team,” said City Manager Grayson Path. “Their efforts on behalf of the Amarillo community help ensure informed policy decisions and also help residents understand how public resources are managed.”
The ACFR provides a detailed look at the city’s financial performance, including assets, liabilities, revenues and expenditures. According to GFOA standards, the Certificate of Achievement for the ACFR is widely recognized as the highest form of recognition in the area of governmental accounting and financial reporting. This marks the 49th time for the City of Amarillo to win the ACFR award.
For 14 straight years, COA has earned the PAFR award. The PAFR is an online document/yearbook highlighting city financial data and departments in a quick, convenient format for the public. The PAFR is reviewed by judges evaluating the report based on several categories, including reader appeal, understandability, distribution methods and creativity. To see the COA ACFR and PAFR, go to: amarillo.gov/finance/financial-information/