PUBLIC SERVICE: City of Palm Bay Receives Award Recognizing Excellence in Financial Reporting

reports demonstrate a spirit of full disclosure

BREVARD COUNTY • PALM BAY, FLORIDA — The City of Palm Bay is pleased to announce that the City’s 2023 fiscal year Annual Comprehensive Financial Report has once again qualified for the Government Finance Officers Association’s Certificate of Achievement for Excellence in Financial Reporting.

Awarded by the Government Finance Officers Association of the United States and Canada, a Certificate of Achievement is presented to those government units whose annual financial reports are judged to adhere to program standards and demonstrate a spirit of full disclosure to clearly communicate its financial story and motivate potential users and user groups to read the report.

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 government and its management.

This is the 38th consecutive year the City of Palm Bay has received recognition for this accomplishment.

Click HERE to view the City of Palm Bay’s Annual Comprehensive Financial Report.

Palm Bay, Florida, operates under a Council-Manager form of government. This system consists of an elected Mayor and City Council, who set policies and make legislative decisions, while a City Manager, appointed by the council, oversees the city’s day-to-day administrative operations.

Key Components of Palm Bay’s Government Structure:

Mayor: The mayor is an elected official who serves as the ceremonial head of the city and represents Palm Bay in official matters.

City Council: The council consists of elected members who make policy decisions, approve budgets, and enact local laws.

City Manager: The city manager is a professional administrator responsible for implementing council policies, managing city departments, and ensuring efficient municipal operations.

Departments & Services: Various city departments handle essential services, including public safety (police and fire), utilities, public works, parks and recreation, and economic development.

This structure allows for a balance between elected officials’ policymaking and professional management of city operations.

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