Burbank's Financial Reporting Excellence Recognized for 40th Consecutive Year

The City of Burbank has once again been honored with the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). This marks the 40th consecutive year that the city has received this distinguished award, solidifying its reputation as a leader in transparent and accountable financial management.

Burbank's Commitment to Fiscal Responsibility Shines Through

Consistent Excellence in Financial Reporting

The City of Burbank's unwavering commitment to financial transparency and accountability has been recognized by the GFOA, a leading professional association in the field of government finance. The city's Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023, has been judged by an impartial panel to meet the highest standards of the GFOA's program. This achievement is a testament to the city's dedication to accurate and comprehensive financial reporting, which enables the community to have a clear understanding of the city's financial health and decision-making processes.

Burbank's Finance Department: A Model of Professionalism

The recognition from the GFOA is a reflection of the hard work and expertise of the City of Burbank's Finance Department. Led by Director of Financial Services Jennifer Becker, the department has consistently demonstrated a commitment to excellence in governmental accounting and financial reporting. This achievement is a source of pride for the entire team, as it showcases their dedication to upholding the highest standards in the industry.

Fostering Transparency and Accountability

The ACFR has been praised for its "spirit of full disclosure," which allows the city to clearly communicate its financial story and motivate potential users and user groups to engage with the report. This level of transparency and accountability is a hallmark of Burbank's approach to financial management, ensuring that the community can trust in the city's stewardship of public funds.

Celebrating 40 Years of Excellence

The City of Burbank's 40th consecutive year of receiving the GFOA's Certificate of Achievement for Excellence in Financial Reporting is a remarkable achievement. It demonstrates the city's unwavering commitment to upholding the highest standards of governmental accounting and financial reporting, setting an example for municipalities across the country.

Burbank's Commitment to the Community

Mayor Nick Schultz highlighted the significance of this recognition, stating that it "represents the City's commitment to the highest principles of governmental accounting, such as accurate and transparent financial reporting." This commitment to the community is at the heart of Burbank's approach to financial management, ensuring that the city's resources are utilized in a responsible and transparent manner.

Celebrating a Proud Moment for Burbank

The City of Burbank's continued recognition by the GFOA is a testament to the hard work and dedication of the Finance Department, as well as the support of the city's leadership and the community. This achievement is a source of pride for the city, and it serves as a model for other municipalities to aspire to in their own pursuit of financial excellence.