Oldsmar wins GFOA 'Triple Crown' for 2023 financial reporting, budgeting and transparency

Oldsmar officials recognized the city’s Administrative Services Department Aug. 5 after the Government Finance Officers Association awarded the city its Triple Crown for fiscal year 2023, honoring excellence in financial reporting, popular annual reporting and budget presentation.
The designation, presented to only a small number of local governments, signals compliance with GFOA's highest standards for comprehensive annual financial reports, accessible public financial summaries and distinguished budget documents.
Cindy Nanno, Administrative Services Director, told the council, "This milestone places us among a select group of governments throughout The United States and Canada that have been recognized for excellence in financial reporting, budgeting and transparency." She noted the city had received the Certificate of Achievement in Excellence in Financial Reporting for 33 consecutive years and the Distinguished Budget Presentation Award for 12 consecutive years.
City leaders credited in-house staff for producing the three documents and said the recognition supports public confidence in the city’s stewardship of taxpayer money. The council publicly thanked the named members of the Administrative Services team and noted the award’s role in demonstrating accountability and transparency in Oldsmar’s financial operations.
The presentation included a brief photo opportunity and remarks from the city manager and mayor acknowledging the staff’s work. Councilmembers said they will use the forthcoming operational budget meeting next week to review how the city’s financial plans align with service priorities.