The Metropolis of South Miami’s mayor and commissioners on Feb. 4 honored Alfredo Riverol, the town’s chief monetary officer, with flowers to congratulate him on receiving the esteemed Authorities Finance Officers Affiliation (GFOA) Triple Crown Award.
The distinguished recognition celebrates his distinctive achievements in monetary reporting, budgeting, and transparency. It underscores the town’s ongoing dedication to upholding the best requirements of monetary administration, accountability, and transparency, strengthening belief and confidence amongst each taxpayers and stakeholders. The GFOA Triple Crown represents an distinctive achievement in three key areas:
Certificates of Achievement for Excellence in Monetary Reporting: This award honors the town for producing an Annual Complete Monetary Report (ACFR) that adheres to the best requirements of accounting and monetary reporting.
Distinguished Finances Presentation Award: The town was acknowledged for making ready a price range doc that exemplifies readability, comprehensiveness, and transparency, guaranteeing accessibility for each elected officers and the general public.
In style Annual Monetary Reporting Award (PAFR): This award is granted to entities that successfully talk advanced monetary knowledge to a basic viewers in an easy-to-understand format, offering the general public with a transparent understanding of the town’s monetary place.
Receiving the GFOA Triple Crown is a uncommon and prestigious distinction, with fewer than 360 public entities throughout the USA incomes this recognition annually. The Metropolis of South Miami is certainly one of solely 5 municipalities in Miami-Dade County to have achieved this honor. This accomplishment additional solidifies the town’s dedication to fiscal duty, monetary transparency, and efficient communication with the general public.
“This achievement demonstrates our unwavering dedication to upholding the best requirements in monetary reporting, budgeting, and transparency,” Riverol stated. “The Triple Crown recognition displays the cfity’s dedication to making sure that our monetary operations aren’t solely correct and well-managed, but in addition accessible and comprehensible to all members of our group.”
The town’s continued success in receiving the GFOA Triple Crown underscores the significance of sustaining public belief by way of transparency and clear communication concerning the metropolis’s monetary operations.
“Thanks to our finance group for his or her tireless efforts, consideration to element, and collaboration. Your onerous work has considerably enhanced the town’s popularity for monetary excellence and transparency,” Riverol stated.
For extra info on the GFOA Triple Crown Award or the Metropolis of South Miami’s monetary reporting, contact Alfredo Riverol at ariverol@southmiamifl.gov.
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