Recognizing Denver’s strong financial management and excellent reporting, the Government Finance Officers Association of the United States and Canada (GFOA), North America’s leading association for government finance expertise, has named the City and County of Denver as a 2020 Triple Crown Winner. Denver is one of only 317 governments to receive the Triple Crown, which recognizes governments who have received GFOA’s Certificate of Achievement for Excellence in Financial Reporting, Popular Annual Financial Reporting Award, and the Distinguished Budget Presentation Award.
GFOA Triple Crown Award
“Strong financial management and fiscal responsibility are hallmarks of Denver’s financial practices” said Chief Financial Officer Margaret Danuser. “The award recognizes Denver’s comprehensive work to increase transparency and equitable access to information about Denver’s financial health.”
The Triple Crown designation represents a significant achievement. To qualify, each entity must meet the high standards of all three separate award programs. Each award program recognizes governments that produce reports which communicate their financial stories in a transparent manner and meet applicable standards.
The Certificate of Achievement for Excellence in Financial Reporting Program (COA) encourages and assists state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare annual comprehensive financial reports that evidence the spirit of transparency and full disclosure.
The Distinguished Budget Presentation Awards Program (Budget Awards Program) encourages and assists state and local governments to prepare budget documents of the very highest quality that reflect both the guidelines established by the National Advisory Council on State and Local Budgeting.
The Popular Annual Financial Reporting Awards Program encourages and assists state and local governments to extract information from their annual comprehensive financial report to produce high quality popular annual financial reports specifically designed to be readily accessible and easily understandable to the general public and other interested parties without a background in public finance.