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Boulder City News and Information

Posted on: December 7, 2023

Another Triple Crown for BC Finance

GFOA Triple Crown

BOULDER CITY – The City of Boulder City Finance Department achieved Triple Crown designation from the Government Finance Officers Association (GFOA) for our fiscal year 2022 financial reporting for the second consecutive year. GFOA's Triple Crown designation recognizes governments who have received GFOA's Certificate of Achievement for Excellence in Financial Reporting, Popular Annual Financial Reporting Award, and Distinguished Budget Presentation Award for fiscal year 2022.

Triple Crown winners must meet the standards of three GFOA award programs:

  1. Certificate of Achievement for Excellence in Financial Reporting: Awarded since 1945, this recognizes state and local governments who “go beyond the minimum requirements of generally accepted accounting principles to prepare annual comprehensive financial reports that evidence the spirit of transparency and full disclosure.”
  2. Popular Annual Financial Reporting Award (PAFR): Judges evaluate the PAFR based on reader appeal, how easy it is to understand, methods of distribution, creativity and more. The PAFR provides key financial information from both the budget document and financial report in an easy-to-read format for the public.
  3. Distinguished Budget Presentation Awards: Budget documents meet or exceed the guidelines established by the National Advisory Council on State and Local Budgeting as well as the GFOA's best practices.

The designation places Boulder City amongst the top GFOA organizations in the U.S. and Canada. “Boulder City - for the second year in a row - finds itself among the best of the best,” said Taylour Tedder, City Manager. “Last year, less than 2-percent of the more than 20,000 GFOA member organizations received the Triple Crown Award. Congratulations to all staff who contributed to budgets and finance reporting for this fantastic achievement.”

Earlier this year, the Finance Department made it easier for residents to share ideas on the Capital Improvement Plan, creating an online form to submit ideas at www.bcnv.org/CIPideas. “Our department is always looking for ways to share our fiscal story and engage our residents in budget planning and processes,” said Cynthia Sneed, Boulder City’s Finance Director. “I’m proud of the ongoing efforts of staff and their dedication to financial transparency.”

The City’s Finance publications can be found at www.bcnv.org/finance/publications.

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