Port of San Diego Earns Financial Reporting Award for Eighth Straight Year
Contact: Marguerite Elicone, 619-686-6281, email@example.com
The Port of San Diego has once again earned the Certificate of Achievement for Excellence in Financial Reporting for its Annual Comprehensive Financial Report (ACFR) for fiscal year 2021 from the Government Finance Officers Association (GFOA) of the United States and Canada.
This is the eighth consecutive year the Port has received this honor, which is considered the highest form of recognition in governmental accounting and financial reporting.
“The Port of San Diego remains steadfast in providing full disclosure and receiving the Certificate of Achievement for Excellence in Financial Reporting for eight consecutive years demonstrates just that,” said Chairman Dan Malcolm, Port of San Diego Board of Port Commissioners. “The Port is tasked with managing the tidelands of San Diego Bay on behalf of the citizens of California, and this report provides the public with clear and detailed information about the Port’s financial shape.”
To receive a Certificate of Achievement, a government must publish an easily readable and efficiently organized Annual Comprehensive Financial Report that satisfies both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year.
The Port’s ACFR has been judged by an impartial panel comprised of individuals with expertise in public sector financial reporting that included financial statement preparers, previous independent auditors, academics, and other finance professionals to meet the high standards of the program.
GFOA advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.
About THE Port of San Diego
The Port of San Diego serves the people of California as a specially created district, balancing multiple uses on 34 miles along San Diego Bay spanning five cities. Collecting no tax dollars, the Port manages a diverse portfolio to generate revenues that support vital public services and amenities.
The Port champions Maritime, Waterfront Development, Public Safety, Experiences and Environment, all focused on enriching the relationship people and businesses have with our dynamic waterfront. From cargo and cruise terminals to hotels and restaurants, from marinas to museums, from 22 public parks to countless events, the Port contributes to the region’s prosperity and remarkable way of life on a daily basis.