The Chicago Housing Authority (CHA) announced that it has been awarded the prestigious Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) in recognition of outstanding accounting and financial reporting and management. The Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. The recognition is based on CHA preparing an award-winning Comprehensive Annual Financial Report (CAFR) and demonstrates CHA’s commitment to transparency in financial reporting. “We are extremely pleased to receive this recognition by the GFOA for outstanding accounting and financial reporting and management,” said CHA CEO Eugene Jones, Jr. “This is a testament to the hard work from our entire CHA team as we forge ahead to further strengthen the Chicago Housing Authority.” The CAFR details how CHA used public resources to accomplish its goals, build communities and enhance the lives of Chicagoans everywhere. Beyond the transparency in financial reporting, CHA has also demonstrated its commitment to sound fiscal management. The Authority has spent down its excess reserves by $77 million in 2017, and all of the excess reserves will be expended by Dec. 31, 2017.