OCC’s Strong Financial Management Recognized Nationally

For the third year in a row, the Certificate of Achievement for Excellence in Financial Reporting has been awarded to Oakland Community College 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.

In addition, an Award of Financial Reporting Achievement has been awarded to OCC’s Financial Services Department by the GFOA, recognizing their role in for preparing the award-winning CAFR.

“This Report represents the continued organizational health and sustainability of the College,” said Board Chair John McCulloch. “On behalf of the Board and our community, we appreciate the work of the entire College team to ensure we are financially sound so we can continue to effectively focus on student success and the College’s mission.”

OCC Chancellor Peter Provenzano added, “The College’s Board of Trustees, faculty and staff all know that OCC provides exceptional value for students seeking a quality post-secondary education. This year’s CAFR underscores that value as well as our accountability to the community we serve.”

OCC’s CAFR has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.

About Government Finance Officers Association (GFOA) – Government Finance Officers Association is a major professional association servicing the needs of nearly 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois, with offices in Washington, D.C.

 

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