Malibu Celebrates 24th Consecutive Award for Outstanding Financial Transparency and Reporting

The City of Malibu has once again been recognized for its commitment to financial accountability, earning the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its Fiscal Year 2023-24 Annual Comprehensive Financial Report (ACFR). This marks the 24th consecutive year the City has received this recognition.

"Earning this honor for 24 years running speaks to the professionalism of Malibu's staff and our dedication to doing things the right way," said Mayor Marianne Riggins. "Transparency and accountability will always guide how we serve our community."

The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting. Reports are evaluated by an impartial panel of finance professionals, who judge whether they meet the program's rigorous standards of clarity, completeness, and transparency.

Since its creation in 1945, the GFOA's Certificate of Achievement program has encouraged state and local governments to exceed basic accounting requirements and demonstrate a true commitment to open, accessible public financial reporting. The GFOA represents approximately 17,500 government finance professionals across the United States and Canada.

For more insights into Malibu's financial management, visit the webpage.

To learn more about the GFOA and its Certificate of Achievement for Excellence in Financial Reporting program, visit the website.