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Archived News Release

FOR IMMEDIATE RELEASE
December 9, 2002
CONTACT: Steve Chapman
Finance Director/City Treasurer
909.413.3074

City of Moreno Valley Wins Coveted
Financial Reporting Award

Note: This archived news releases is provided for historical reference only. Information may be outdated and links to documents and websites may not work. Please call 951.413.3000 if you have questions or concerns.

For the fourth consecutive year, the City of Moreno Valley has received the Certificate of Achievement for Excellence in Financial Reporting.

The Government Finance Officers Association of the United States and Canada, (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Moreno Valley for its comprehensive annual financial report for the fiscal year that ended June 30, 2001.

To be awarded the Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

"Moreno Valley citizens should be comforted in knowing that their city's finances are being managed effectively and efficiently," said City Manager Gene Rogers. "This demonstrates that city officials understand they are accountable regarding the use of tax dollars. We welcome this oversight of the city's financial practices," he said.

The Certificate is valid for one year.