FOR IMMEDIATE RELEASE:
NYCHA AWARDED CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING
The award was issued by the Government Finance Officers Association for NYCHA’s comprehensive annual financial report for the fiscal year ended December 31, 2019.
NEW YORK – The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to New York City Housing Authority for its comprehensive annual financial report for the fiscal year ended December 31, 2019.
The report was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the report.
“We are incredibly proud of our entire finance department here at NYCHA,” said Greg Russ, NYCHA Chair and CEO. “This Certificate of Achievement for Excellence in Financial Reporting is well-deserved and well-earned. The Authority prioritizes transparency and accountability and this award is a reflection of that.”
“We appreciate this recognition of the critical work that we put into our financial reporting,” said Annika Lescott, NYCHA Executive Vice-President and Chief Financial Officer. “This award acknowledges the effort, care and consideration our finance team puts into our annual financial statements. We are dedicated to ensuring strong fiscal policy and transparency so residents can be assured that funding is being used for their benefit.”
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
“We believe that the New York City Housing Authority should be very proud that they have been recognized for excellence in their financial reporting and the dedication to transparency and accountability that it represents,” said Michele Mark Levine, GFOA Director of Technical Services.
You can learn more about this award here: https://www.gfoa.org/coa-award.
About the New York City Housing Authority (NYCHA)
The New York City Housing Authority (“NYCHA” or the “Authority”) provides affordable housing to 380,299 authorized residents in over 177,611 apartments within 335 housing developments. NYCHA serves 359,593 authorized residents in over 168,100 apartments within 285 housing developments through the conventional public housing program (Section 9) and 20,706 authorized residents in 9,511 units within 50 developments that were converted to PACT/RAD. Through federal rent subsidies (Section 8 Leased Housing Program), NYCHA also assists approximately 77,663 families in locating and renting units. In addition, NYCHA facilitates access to social services through a variety of programs. For more information, visit www.nyc.gov/nycha, and for regular updates on NYCHA news and services, connect with us via www.facebook.com/NYCHA and www.twitter.com/NYCHA.
Abut the Government Officers Association (GFOA)
The Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.