The Government Finance Officers Association (GFOA) has once again recognized Oakland Community College (OCC) for its excellence in financial reporting—one of only two community colleges in Michigan to earn this distinguished recognition.
OCC received two top awards: a Certificate of Achievement for Excellence in Financial Reporting for its Annual Comprehensive Financial Report, and an Award for Outstanding Achievement for the College’s Popular Annual Financial Report (PAFR). The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a governmental entity and its management.
It is the eighth consecutive year OCC has earned top national honors.
“The GFOA awards validate OCC’s commitment to meticulous financial reporting and our responsibility providing transparent, accessible information to the community,” said Christina (Tina) Kostiuk, OCC Vice Chancellor for Administrative Services.
The PAFR is used to provide readers with a readily accessible and easily understandable reporting of the College’s finances. The 24-page document provides an overview of the College’s history, points of pride and strategic plan, and detailed financial information about OCC’s financial planning and highlights, operating income and expenses, budgeting for facilities and major capital projects.
The College’s Annual Comprehensive Financial Report contains the College’s required audited financial statements. In addition, the document provides historical financial data, statistics and a narrative to discuss the College’s current fiscal year financial results thus providing a comprehensive picture of the College’s overall financial status.
“Each year our financial team works hard to provide a complete picture of the College’s finances with our Annual Comprehensive Financial Report. In addition, working in partnership with the College’s Creative Services team, we are able provide the community with an easy-to-read alternative to typical financial documents with the Popular Annual Financial Report,” said Sharon Converse, OCC Controller.
To view the reports, visit https://oaklandcc.edu/about/transparency-at-occ/default.aspx.
About Government Finance Officers Association (GFOA)
Government Finance Officers Association is a major professional association servicing the needs of nearly 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois, with offices in Washington, D.C.
Offering nearly 100 degrees and certificates, OCC is Michigan’s largest multi-campus community college and No. 1 transfer institution in the state. The College provides academic, career training and enriching experiences, designed to empower students to reach their potential and enhance our community. More than 1 million students have enrolled in the College since it opened in 1965. A seven-person Board of Trustees governs OCC. Board members are elected on a non-partisan, at-large basis, serve as volunteers and are not paid. Mission statement: OCC is committed to empowering our students to succeed and advancing our community. Learn more at oaklandcc.edu.
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