Government Finance Officers Association (GFOA) & Distinguished Budget Presentation Award
Happy Valley has received the Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award for the 2021-2022 budget. This is one of the highest financial honors the City can receive. Happy Valley’s Finance Department works diligently to ensure we spend taxpayer dollars effectively. To receive the award, the budget is reviewed by three independent financial experts based on a set of criteria to ensure the budget serves as a solid transparent financial and operations plan. Out of 241 cities in Oregon, only 34 cities have received this award.
Financial reports and budgets are crucial for tracking the financial strength of our city.
The Finance Department manages all financial aspects of the City in conformity with generally accepted accounting principles. We safeguard the City’s assets and maintain adequate controls to ensure financial compliance with the City Charter, ordinances, and resolutions enacted by the City Council and State and federal regulations.
We ensure the City is in compliance with governmental accounting and financial reporting standards established by the Governmental Accounting Standards Board. Our goal is to provide timely, useful, and accurate financial information to both internal and external users so they can make informed financial decisions.
- Accounts payable
- Accounts receivable
- Annual budget document preparation and management
- Annual Financial Report preparation
- Treasury management
- Debt administration
- Financial analysis
- Financial reporting
- Five-Year Plan preparation and management