Financial Transparency Brings National Recognition to MHCC
The college’s annual financial report demonstrates “spirit of full disclosure.”
Mt. Hood Community College has been honored with an Achievement for Excellence in Financial Reporting. This is the highest form of recognition for government accounting and financial reporting. MHCC’s annual financial report has received this award for the past five years.
Government Finance Officers Association of the United States and Canada (GFOA) reviewed the financial report for the fiscal year ending June 30, 2020. An impartial panel judged that the report demonstrated a constructive "spirit of full disclosure" to clearly communicate its financial story.
The Certificate of Achievement for Excellence in Financial Reporting Program encourages state and local governments to go beyond the minimum requirements of accounting principles in order to prepare annual financial reports that evidence a spirit of transparency and full disclosure.
“Mt. Hood Community College is a steward of public funds,” said Jennifer DeMent, MHCC vice president of finance and administration. “Financial transparency is one way we continue a relationship of trust with the communities we serve.”
GFOA's mission is to advance excellence in public finance. The organization represents public finance officials throughout the United States and Canada. The association's more than 20,000 members are federal, state/provincial, and local finance officials involved in planning, financing and implementing governmental operations.