Baltimore County News
Award is considered the highest form of recognition in governmental accounting and financial reporting
Once again, Baltimore County received the highest national recognition for excellence in financial reporting as demonstrated in its Comprehensive Annual Financial Report for the fiscal year ending June 30, 2015. The County was honored by the Government Finance Officers Association of North America (GFOA) with an Award of Financial Reporting Achievement.
The GFOA considers this award to be the highest form of recognition in governmental accounting and financial reporting. The County’s annual financial report was judged by a panel of government finance experts who concluded that the report meets the highest professional standards and demonstrates “a constructive spirit of full disclosure to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.”
“All of our County citizens benefit from the extraordinary levels of skill and dedication demonstrated by our team of budget and finance professionals,” said County Executive Kevin Kamenetz. “Their expertise and thoroughness is truly second to none and is a major factor in our ability to maintain the triple-AAA bond rating that enables us to modernize our schools, provide good County services and maintain our aging infrastructure – all while keeping tax rates stable.”
The awards program was established in 1945 by the GFOA to encourage and help state and local governments to exceed the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that are transparent and provide full disclosure.
The GFOA is a nonprofit professional association that serves approximately 17,500 government finance professionals in the United States and Canada.