{"id":2258,"date":"2016-11-09T23:19:00","date_gmt":"2016-11-09T23:19:00","guid":{"rendered":"https:\/\/porthouston.com\/portweb-port-authority-receives-42nd-consecutive-cafr-award\/"},"modified":"2023-11-14T16:42:06","modified_gmt":"2023-11-14T22:42:06","slug":"port-authority-receives-42nd-consecutive-cafr-award","status":"publish","type":"post","link":"https:\/\/porthouston.com\/port-authority-receives-42nd-consecutive-cafr-award\/","title":{"rendered":"Port Authority Receives 42nd Consecutive CAFR Award"},"content":{"rendered":"<p><img decoding=\"async\" style=\"width: 640px;\" src=\"https:\/\/porthouston.com\/wp-content\/uploads\/2022\/11\/CAFR.jpg\" alt=\"CAFR.jpg\" width=\"640\" \/><\/p>\n<p>The Government Finance Officers Association has awarded the Port of Houston Authority\u2019s 2015 Comprehensive Annual Financial Report (CAFR) the Certificate of Achievement for Excellence in Financial Reporting for the 42nd time since first receiving the honor in 1974.<\/p>\n<p><!--more--><\/p>\n<p>The CAFR award is the highest form of recognition in the area of government accounting and financial reporting. Port Authority leadership and management considers transparency, fiscally sound business practices and prudent evaluation of risks and opportunities to be necessary elements for achieving such goals.<\/p>\n<p>PHA\u2019s Accounting department works with Grant Thorton, LLP, the port\u2019s external auditors, to review for an unqualified opinion statement notating the accuracy of the report. Various port departments contribute to the document, which takes about four months to prepare and submit.<\/p>\n<p>\u201cThere is a lot of work that goes into the CAFR. It is a team effort. We feel that the CAFR is not done for recognition. It is our financial obligation as a government entity,\u201d said Curtis Duncan, controller for the Port Authority. The CAFR serves as a financial overview of the fiscal year with highlights of operational and commercial activities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Port Authority Receives 42nd Consecutive CAFR Award [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/porthouston.com\/port-authority-receives-42nd-consecutive-cafr-award\/\">More<\/a><\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[123],"class_list":["post-2258","post","type-post","status-publish","format-standard","hentry","category-blog","tag-port-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Port Authority Receives 42nd Consecutive CAFR Award - 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