PORT RECEIVES HIGHEST AWARD FOR FINANCIAL REPORTING
Galveston, Texas – The Board of Trustees of the Galveston Wharves (Port of Galveston) was recently awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). 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.
The certificate is awarded to the individual, department or agency designated to prepare the comprehensive annual financial report for a government unit. The award was presented to Mark Murchison, the Port’s Finance Director and the Financial Reporting Group at the Wharves Board’s January 30, 2017 meeting.
The Port has received this achievement award for 22 consecutive years. “Without the continuing hard work and dedication of an exceptional team, it would be difficult to achieve this honor since the CAFR is a product of the accounting work that the finance department does throughout the year. The award is testament to the department’s dedication to fiscal responsibility and sound financial management, “said Benjamin F. Holland, Chairman of the Wharves Board of Trustees.
The CAFR was judged by an impartial review panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.