The City of Chesterfield has been awarded the Certificate of Achievement for Excellence in Financial Reporting (CAFR) from the GFOA continuously since 1989.
The GFOA established the CAFR in 1945 to encourage state and local governments to prepare and issue a comprehensive annual financial report of the highest quality. Top-quality financial reporting is essential if governments are to be fully accountable to their citizens and to others with an interest in the government's finances. This recognition can be viewed as a positive factor by credit rating agencies and by others interested in the professionalism of a government's finance function.
The Government Finance Officer's Association (GFOA) is dedicated to the sound management of government financial resources.