What is the purpose of the Government Finance Officers Association (GFOA)?

The Government Finance Officers Association (GFOA) primarily aims to promote professional development and the improvement of governmental financial management through the establishment of best practices. This organization provides a wealth of resources, including guidance, research, and training, to assist financial professionals in enhancing their skills and knowledge in public finance.

By focusing on best practices, the GFOA helps city and state governments manage their financial resources more effectively and responsibly, thereby promoting transparency, accountability, and efficiency in public finance. The resources and recommendations offered by the GFOA support financial officers in making informed decisions that align with the principles of sound financial management.

While GFOA plays a significant role in the certification of financial officers and offers training programs, its core mission is centered on improving financial management practices rather than serving solely as a certifying body. Additionally, the GFOA does not engage directly in legal representation regarding debt issuances, nor does it regulate bond issuances, which are responsibilities more associated with regulatory agencies.