The Certificate of Achievement for Excellence in Financial Reporting, which was established in 1945, is designed to recognize and encourage excellence in financial reporting by state and local governments. Participation in the program reflects a significant proportion of larger general purpose governments in the United States. Over 68 percent of all cities and 46 percent of all counties with populations in excess of 50,000 participate in the program, as well as 42 state governments.

The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Laredo for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended September 30, 2023. This was the 34th year that the City of Laredo has received this prestigious award. In order to be awarded a Certificate of Achievement, the City of Laredo published an easily readable and efficiently organized ACFR. This report satisfied both GAAP and applicable legal requirements.