Tag: government finance officers association
While Democrats prescribed $1 trillion of aid in the Phase 4 package they approved in May, Republicans initially insisted the only aid they would consider is to allow local governments discretion to use an existing $150 billion coronavirus relief fund to cover operating expenses, which initially was prohibited. GOP negotiators reportedly have since upped the offer to $200 billion of new aid.
The GFOA award is the highest form of recognition in governmental accounting and financial reporting and is awarded to entities who go above and beyond the minimum requirements of generally accepted accounting principles, indicating a spirit of transparency and full disclosure. Its attainment represents a significant accomplishment by a government and its management.