LVCVA recieves two national awards for financial reporting

17 March 2016

(PRESS RELEASE) -- The Las Vegas Convention and Visitors Authority (LVCVA) has been honored with two prestigious national awards from the Government Finance Officers Association of the United States and Canada (GFOA) for its financial reporting documents.

For the 32nd consecutive year, the LVCVA has received the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report (CAFR). The certificate is the highest form of recognition in the area of governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government entity and its management. The CAFR was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

Also, for the ninth consecutive year, the LVCVA was bestowed with the Award for Outstanding Achievement in Popular Financial Reporting for the fiscal year 2015 Popular Annual Financial Report (PAFR). PAFR encourages and assists state and local governments in extracting information from their comprehensive annual financial report to produce high quality reports designed to be readily accessible to the general public. They then recognize individual governments that are successful in achieving said goal. The GFOA acknowledged the LVCVA’s creativity, presentation, understandability and reader appeal in producing the report. There were many favorable comments about the LVCVA’s presentation of a document that is very effective at including easy to understand information in an interesting format.

“To win these distinguished awards for so many consecutive years is a tremendous accomplishment, and speaks to the level of professionalism and dedication practiced by the LVCVA and its staff,” said Bill Noonan, senior vice president of industry and governmental affairs, Boyd Gaming and LVCVA board member and chairman of the Audit Committee.

The GFOA is a nonprofit professional association serving nearly 18,000 government finance professionals with offices in Chicago, Illinois, and Washington, D.C.

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