CHA recognized by Government Finance Officers Association for financial reporting excellence
Office of Communications – Chicago Housing Authority
Matthew Aguilar: (312) 935-2646; (312) 523-7067; email@example.com
CHICAGO (Feb. 10, 2021) – The Chicago Housing Authority (CHA) has been awarded the Certificate of Achievement for Excellence in Financial Reporting for the 23rd year in a row by the Government Finance Officers Association (GFOA) in recognition of outstanding accounting and financial reporting and management.
The Certificate of Achievement for Fiscal Year 2019 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.
“I would like to congratulate our finance and budget departments for the hard work and dedication they exhibited over the last year in transparently reporting our finances,” said CHA CEO Tracey Scott. “I would also like to thank the GFOA for the honor.”
The CAFR details how CHA allocated public resources to meet its goals in providing quality affordable housing and improving the lives of low-income residents in communities across the city of Chicago.
“I am once again honored that the GFOA has recognized CHA for being responsible fiscal stewards,” CHA Chief Financial Officer Michael Moran said. “CHA continues to be dedicated to sound fiscal commitment and transparency.”
“The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting. Congratulations for having satisfied the high standards of the program.”
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (Certificate Program) in 1945 to encourage and assist state and local governments. The purpose was to go beyond the minimum requirements of generally accepted accounting principles in preparing comprehensive annual financial reports – showing the spirit of transparency and recognizing individual governments that succeed in achieving that goal.
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.
About the Government Finance Officers Association (GFOA): The Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.
About the Chicago Housing Authority: The Chicago Housing Authority is the second-largest public housing agency in the nation, providing safe, stable and affordable housing to approximately 64,000 low-income families and individuals at family, senior, scattered site and mixed-income properties and through the Housing Choice Voucher (HCV) program. For more information, please visit www.thecha.org