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Posted on: January 2, 2024

City of Victoria recognized for financial transparency

Group photo in Finance office with plaques sitting on a counter.

PHOTO: The City of Victoria Finance office received the Certificate of Achievement for Excellence in Financial Reporting for fiscal year 2022. Shown from left are Adrian Vargas, accountant; Sarah Vasquez, accounting manager; Victoria Reyna, grant specialist; Janie Klare, finance specialist; and Wesley Janecek, assistant director.

The City of Victoria received its 39th consecutive Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for its end-of-year financial report for fiscal year 2022.

The certification recognizes state and local governments that go beyond minimum accounting standards and reflect “the spirit of transparency and full disclosure,” according to the GFOA’s website.

The award tells bond rating agencies, bond investors and other financial entities that the City is committed to financial transparency, said Chief Financial Officer Gilbert Reyna. This helps the City to secure loans at competitive interest rates.

“Earning this award for 39 consecutive years is a tremendous reflection on the City’s commitment to financial excellence and transparency,” Reyna said.

To view the financial report and other information about City spending and investment, visit www.victoriatx.gov/finance. To learn about planned spending for fiscal year 2024, visit www.victoriatx.gov/budget.

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