LB awarded for financial reporting, economic development

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I'm a little late in this, but it's worth noting among all the bad budget news and recent criticisms by community activists at City Hall, there is some good news now and then.

Last month, the city of Long Beach received two awards, officials announced. One is the Certificate of Achievement for Excellence in Financial Reporting from the Finance Officers Association of the United States for Long Beach's Fiscal Year 2007 Comprehensive Annual Financial Report. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting.

The city's Enterprise Zone Marketing Program also received the grand prize from the California Association for Local Economic Development, California's premier statewide professional economic development organization.

In addition to the grand prize, the city's Economic Development and Cultural Affairs bureau garnered an Award of Merit from CALED for its "Shop Local, Shop Long Beach" program.

So with the enterprize zone program, the city is working to help local businesses and pump up tax revenues to boost the suffering budget. And even though Long Beach may not have much money -- really, it's bleeding cash these days -- at least we'll know where the remaining money is, thanks to the city's great financial reporting.

1 Comments

I never in a million years would've had the idea at things in that light. This should make my morning a whole lot easier.

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About the Bloggers

Paul Eakins reports on Long Beach City Hall, and local and regional politics. A newcomer to the Press-
Telegram, he previously has covered local and state government and politics in San Diego County, Mexico and his home state of Kansas.

E-mail Paul at paul.eakins@presstelegram.com.


Kris Hanson reports on the Ports of Long Beach and Los Angeles, covering environmental issues, economic triumphs and pitfalls and trade trends of America’s largest port. He also writes a weekly column “On The Waterfront”, appearing Tuesdays, and also produces an occassional video and column titled “On The Job,” which follows the hard-working men and women who keep Southern California’s economy humming.

E-mail Kris at kristopher.hanson@
presstelegram.com
.


Karen Robes Meeks came to work for the Press-
Telegram in April 2002 as a beat reporter, covering the cities of Lakewood, Bellflower and Paramount. She now covers business, specifically redevelopment, tourism and small businesses. She also writes Eye on Redevelopment, a monthly column that appears in the Business Monday section.

E-mail Karen at karen.robes@presstelegram.com.


About this Entry

This page contains a single entry by Paul Eakins published on May 4, 2009 1:29 AM.

Long Beach Revelopment Agency doesn't have to pay state was the previous entry in this blog.

7th Street bridge work and closure at 'Chat with Pat' is the next entry in this blog.

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