Culver City Lauded For Financial-Report Accessibility

CULVER CITY, CA — The city recently won two awards in recognition of making its financial information accessible to the public.

The Government Finance Officers Association for the second year in a row honored Culver City with the award for Outstanding Achievement in Popular Annual Financial Reporting. The award is issued by the organization based on the assessment of a panel of judges who evaluated the city's 2022-23 fiscal year annual comprehensive report for reader appeal, understandability, distribution methods, creativity and more, according to a city release.

"Culver City continues to make our finances transparent and accessible to all stakeholders with its Popular Annual Financial Report," said Mayor Yasmine-Imani McMorrin. "For second year, we’ve won this award that acknowledges our effort to find ways to responsibly spend taxpayer money that everyone can understand and provide opportunity for continued community participation in our budgetary process"

The organization also awarded the city with a Certificate of Achievement for Excellence in Financial Reporting for its 2022-23 report.

"The report 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," reads a city release. "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."

Culver City's financial report is available on its website.