Financial Sustainability

Awards and Acknowledgements

Certificate of Achievement in Financial Reporting

The Government Finance Officers Association (GFOA) of the United States and Canada awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of League City for its Annual Comprehensive Financial Report (ACFR) for fiscal year ended September 30, 2019. The Certificate of Achievement is a prestigious national award, recognizing conformance with the highest standards for preparation of state and local government reports.

In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized ACFR, whose contents conform to program standards. The ACFR must satisfy both generally accepted accounting principles and applicable legal requirements.

This award is valid for a period of one year only. The City has received this award each year for the last 44 years.

The ACFR is available on the City’s Financial Transparency page under Annual Comprehensive Financial Report. 

Certification of Investment Policy

The Government Treasurer’s Organization of Texas (GTOT) conducts an Investment Policy Certification Program designed to provide professional guidance in developing an investment policy, and to recognize outstanding examples of written policies. A Certificate of Distinction is awarded for policies that meet established criteria. The Certificate is awarded for two years and then may be renewed upon review.

The City was presented a Certification of Investment Policy for its 2021 Investment Policy. The City is one of only 27 Certified Entities for 2021.  

Additional information regarding the Certification Program can be located on the Government Treasurer's Organization of Texas website.