BAKERSFIELD, Calif. - The Golden Empire Transit District was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA), according to GET spokesperson Gina Hayden.
According to Hayden's release, there are eight criteria an organization needs to meet when being consideredfor the award. These criteria include: local significance and value, technical significance, transferability, documentation, the cost/benefit analysis, efficiency, originality, and durability.
"GET was awarded this prestigious certificate for its 2013 comprehensive annual financial report which met or exceeded these criteria. The Certificate 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 agency and its management staff," according to the relase.
“The GET financial team worked very diligently to earn this award,” said Steven Woods, Deputy CEO at GET. “The GFOA's Awards for Excellence in Government Finance recognize innovative programs – contributions to the practice of government finance that exemplify outstanding financial management. The awards stress practical, documented work that offers leadership to the profession and promotes improved public finance.”