City of Livermore Awarded Certificate of Achievement for Excellence in Financial Reporting

The certificate comes from the Government Finance Officers Association.

The City’s Comprehensive Annual Financial Report (CAFR) for fiscal year ending June 30, 2013 has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA).

The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting.

“This award underscores the high caliber of City talent, their high-regard for fiduciary responsibility and stewardship of the public’s dollars, and the City’s commitment to transparency in governance,” stated Mayor John Marchand. “The City’s Finance Division has received this award each year for over 20 years, and represents a long-standing tradition of responsible leadership.”  

The GFOA is a nonprofit professional association, and each submitted CAFR is judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate the financial story and motivate potential users and user groups to read the CAFR.

Visit http://www.cityoflivermore.net/civicax/filebank/documents/9400/ to read the 2013 City of Livermore CAFR.  

—Information submitted by City of Livermore
Maurice Duenas July 04, 2014 at 08:25 PM
This is why we needs the new peoples on the consil so we has tax monies on the polices and not the one percent bankheads. Please works to get new peoples that cares about all of us and don't bend overs for the wente and seppulpa.
John Marchand July 05, 2014 at 02:19 PM
The award is for “excellence in financial reporting”, accounting practices and transparency, not for budgetary allocations. Most of the revenue for the City comes from property and sales taxes, both of which suffered a steep drop during the recession and have not yet completely recovered. However, the budget is the numerical representation of our priorities. According to our budget, our number one priority is public safety. The City spends more on public safety that anything else. Police and fire expenses comprise fifty per cent of our budget. I recently restored our drug and gang task force because every resident I hear from is more concerned about that than cell phone enforcement. Within the last 18 months, the City has hired ten police officers. The City currently has one hundred fewer employees than we did in 2009 but we have done that without having to lay off police officers or fire fighters, but by reducing staff in other departments. Typical police staffing for cities our size in our area is a ratio of 1 officer per thousand population. For example, Vallejo is staffed at 0.78 officers per 1,000 population, Tracy is 0.92, San Ramon is 0.77 and Pleasanton is 1.13. Livermore is staffed at a ratio of 1.08 per 1,000. The City Council just completed the budget and sought public input throughout the entire process. The budget is posted on the City’s website in a very easy to read format, which is one of the reasons the City received the award. I would welcome your input. With the exception of Trader Lu, none of the Patch posters have provided any input at any of the meetings or budget workshops. There have been a few anonymous Patch posters who have expressed disagreement with retiring the Bankhead debt. However, none of them spoke out at the meetings. Conversely, hundreds of Livermore residents with real names spoke at the meetings and wrote emails in support of the Bankhead Theater. The buy-out of the Bankhead Theater will not be using General Fund dollars. It will not be using tax dollars. The funds that will be used are Alameda County “Host Community Impact Fees” which are fees charged at the land fill. These fees were negotiated between LVPAC and the County to provide funding for the theater. They have simply been “passed-through” the City to the bank. Those fees can only be used for the operation of a community theater and cannot be used for any other purpose, including public safety.
Smitty July 05, 2014 at 04:35 PM
Thank you for the explanations Mr. Mayor. They are very informative. Most posters on Patch, particularly regarding city business, use this forum to simply rant. They have no accurate background regarding pertinent facts and certainly no commitment to action regarding their stated positions except to keep their keyboard humming, stirring the pot and waiting to respond to the next poster they can engage in verbal battle. Facts do not slow them down nor get in their way.
George Fay July 05, 2014 at 07:01 PM
So the dump negotiates with Bankhead, the dump passes on the cost to the trash haulers, who then increase our rates, just like they did in Livermore very recently. So anyway you look at it we fund the Bankhead. Marchand mixes words - no general funds or direct taxes are used to support a private enterprise, but in the end, we are paying our hard earned dollars to fund the 1%.
John Humphrey July 06, 2014 at 02:09 AM
While I appreciate no General Fund monies are going to support Bankhead or any other private enterprise, I do wish the County had set aside a few bucks to deal with the negative impact of the landfills (dumps). If you have been out on Altamont Pass Road lately you know what I mean. It's an extension of the landfill. It is a mess. Lots of trash, likely blown from vehicles going to the dumps. Seems to me that the money from an impact fee ought to first be used to mitigate the negatives of the landfill and once that is done then be used for other purposes.


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