LA PLATA, Md. (Aug. 18, 2008)—For the sixth consecutive year, Charles County Government has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report (CAFR). The certificate of achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
This award recognizes Charles County government's continuing achievement in meeting the highest standards of financial reporting, said Charles County Administrator Paul W. Comfort, Esq. It indicates to our "shareholders" (county taxpayers) the county's commitment to excellence in reporting how their funds are invested in public service.
An Award of Financial Reporting Achievement has been presented to the Accounting Division of the Department of Fiscal and Administrative Services, Charles County Government, for preparing the award-winning CAFR.
It is an honor for the accounting division to receive this award not only this year but consistently over the years. The award is the public recognition of the hard work and dedication of the staff, said Deborah Hudson, Director of the Fiscal & Administrative Services Department. The CAFR is used in many different forums in the County. It is used by the public, the bond rating agencies, and is in our bond offering statement. It imperative that our financial statements are accurate and this award reinforces that our statements provide the breath and depth that the public desires. I congratulate Mr. William DeAtley and his staff for a job well done!
The Accounting Division is very proud of this award. Appreciation goes to Lisa Wood, Accountant, and Jacqui Garland, Senior Accountant, for their primary roles. I would also like to express gratitude and thanks to everyone that is routinely part of the annual audit process and makes this award possible for us, added William DeAtley, Chief of Accounting, Department of Fiscal & Administrative Services.
An impartial judging panel determined that Charles County's CAFR meets the high standards of the program, including demonstrating a constructive spirit of full disclosure to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 17,000 government finance professionals, with offices in Chicago, Ill., and Washington, D.C.
Source: Charles County Commissioners