Oro Valley Finance Department nets three national awards - The Explorer: News

Oro Valley Finance Department nets three national awards

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Posted: Wednesday, June 4, 2014 10:04 am

The Town of Oro Valley has been tapped for three more national awards in the areas of financial reporting, budgeting and procurement.

The town received two awards from the Government Finance Officers Association (GFOA). The first is the Certificate of Achievement for Excellence in Financial Reporting for the FY 2012/13 Comprehensive Annual Financial Report (CAFR). This is the 20th consecutive year that the town has received this honor.


Oro Valley Finance Director Stacey Lemos commented, “It is truly an honor to be recognized by these national organizations and a true testament to the dedication and commitment to excellent fiscal management by our Finance Department team.”

For the sixth consecutive year, the Town of Oro Valley has received the Distinguished Budget Presentation Award, which required the town to satisfy a set of stringent, nationally-recognized guidelines for effective budget presentation.

Of the 91 incorporated municipalities in Arizona, Oro Valley is one of only 27 municipalities in the state to receive both awards from the GFOA.

These two awards are the highest form of recognition in governmental accounting, financial reporting and budgeting, and they represent a significant accomplishment by a government and its management.

Additionally, for the sixth year in a row, the National Procurement Institute has honored the Town of Oro Valley with its Achievement of Excellence in Procurement (AEP) Award.

The AEP award is sponsored by every major public procurement association in the country and is recognized as the benchmark of excellence in the profession. The Town of Oro Valley is one of only 16 government agencies in Arizona, and one of only 58 cities in the United States to receive this award.

In a press release, Stephen J. Gauthier, director of the GFOA Technical Services Center stated, “Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.”

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