Financial Reports
The Comprehensive Annual Financial Report of the City of Lake Charles has been prepared annually by the City's FinanceDepartment in conformity with generally accepted auditing standards.
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded a Certificate of Achievement for Excellence in Fiancial reporting to the City of Lake Charles for its comprehensive annual financial report for the fiscal year ended September 30, 2006. The City also received this award for its reports of the preceding twenty-two years. In order to be awarded a Certificate of Achievement, a govenrment must publish an easily readable and efficiently organized comprehensive annual financial report. Such reportsmust satisfy both GAAP and applicable legal requirements.
(OMB Circular A-133 can be found at the end of the CAFR)