CHA recognized by Government Finance Officers Association for excellence in financial reporting
CHICAGO (Feb. 10, 2020) – The Chicago Housing Authority (CHA) announced today that, for the 22nd consecutive year, it has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) in recognition of outstanding accounting and financial reporting and management.
The Certificate of Achievement for the Fiscal Year 2018 is the highest form of recognition in the area of government accounting and financial reporting and represents a significant accomplishment by a government agency and its fiscal management.
The recognition is based on CHA submitting an award-winning Comprehensive Annual Financial Report (CAFR) and demonstrates CHA’s commitment to transparency in financial reporting.
“CHA is grateful for the recognition from the GFOA because it underscores CHA’s transparent reporting on finances, which is the result of the good work of our finance and budget departments,” said CHA Acting CEO James L. Bebley.
The CAFR details how CHA allocated public resources to meets its goals of providing quality affordable housing and improving the lives of low-income residents in communities across the city of Chicago.
“As Chief Financial Officer, I am honored that the GFOA has once again recognized the work we do to be responsible fiscal stewards,” CHA CFO Michael Moran said. “Beyond the transparency in financial reporting, CHA has also demonstrated its commitment to sound fiscal management.”
“We hope that your example will encourage others in their efforts to achieve and maintain an appropriate standard of excellence in financial reporting.”
CHA remains committed to creating partnerships that help create and preserve affordable housing and to providing greater choice and opportunity by making investments in neighborhoods across Chicago.