Town Of Moraga

Award of Excellence for Financial Reporting Presented to Council

At their October 8 meeting, the Town Council was presented with an award of excellence from the National Government Finance Officers Association (GFOA) for the Town’s first Comprehensive Annual Financial Report (CAFR) for the year ended June 30, 2013. The award is the highest form of recognition in the area of governmental accounting and financial reporting, and the first received in Lamorinda. The CAFR is a comprehensive document of the Town’s financial activities and is a significant improvement from the typical Basic Financial Statements, including trends and historical data. The CAFR also satisfies the annual Securities and Exchange Commission (SEC) disclosure requirements related to the recent $7.72 million Certificates of Participation supported by Measure K. The GFOA Award of Excellence for Financial Reporting recognizes the Town’s commitment to provide full disclosure and transparency of its financial standing and management of public funds.

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