The City of San Luis is once again basking in the glow of financial praise, as it has been recognized with the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association. The awarded Annual Comprehensive Financial Report for the fiscal year that ended on June 30, 2024, signifies a tradition of fiscal transparency that San Luis has upheld since 2013. This accolade marks the 12th consecutive year the city has earned this distinction, as reported by the City of San Luis.
According to information released by the City of San Luis, an independent panel evaluated the city's ACFR to ensure it meets program criteria that include high standards and a spirit of complete transparency. In a statement obtained by the City of San Luis, Mayor Nieves Riedel commends the finance department, saying, “Our highly dedicated finance department has outdone themselves yet again.” She also highlights the department's commitment to integrity and accurate reporting.
Earning the Certificate of Achievement is considered a significant accomplishment for municipal governments, spotlighting those who have demonstrated the commitment to go beyond the minimum requirements of generally accepted accounting principles. The City of San Luis fits within these lofty parameters set forth by the Government Finance Officers Association and has, through steady and diligent work, maintained a standard that sets them apart.
Much of the City's financial narrative, details, and records can be accessible to the public, and residents are encouraged to view the complete Annual Comprehensive Financial Report. Mayor Riedel emphasizes the significance of this, stating, “Thank you for ensuring true transparency with the city’s funding and remaining committed to maintaining the highest standards of integrity and accuracy,” she added. The full report can be found at the City of San Luis official website, inviting participants in the local government's financial discussions.
