Top Honors for Fairfax County in Budgeting, Financial Reporting and Investment Policy


Fairfax County Office of Public Affairs
12000 Government Center Parkway, Suite 551
Fairfax, VA 22035-0065
Contact: Merni Fitzgerald, Director of Public Affairs
703-324-3187, TTY 711, Fax 703-324-2010
Media Pager: 703-324-NEWS (6397)
publicaffairs@fairfaxcounty.gov

Oct. 15, 2007

Top Honors for Fairfax County in Budgeting, Financial Reporting and Investment Policy

Once again, the Government Finance Officers Association (GFOA) has recognized Fairfax County for excellence in financial reporting and budgeting. For the 22nd consecutive year, the county received the Distinguished Budget Presentation Award for its annual budget for the fiscal year 2008. This award represents the highest form of recognition in governmental budgeting and reflects the commitment of the governing body and staff in meeting the highest principles of public budgeting.

For the fourth consecutive year, GFOA also recognized the county’s Integrated Sewer System for the Wastewater Management Program with the Certificate of Achievement for Excellence in Financial Reporting Award for its Comprehensive Annual Financial Report (CAFR) for fiscal year 2006. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. Earlier this year, the county received the Certificate of Achievement for Excellence in Financial Reporting Award, for the 30th consecutive year, for its countywide CAFR for fiscal year 2006. For more information, visit www.fairfaxcounty.gov/news/2007/122.htm.

The county also recently received the Association of Public Treasurers’ (APT) Investment Policy Certificate of Excellence Award for the ninth consecutive year. The county’s investment policies submitted to the APT received vigorous peer-team review for conformity with principles of sound investment management, careful public stewardship and adoption of the profession’s best practices.

For more information, contact Robert L. Mears, director of the Department of Finance, at 703-324-3126, TTY 711.

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For more news and information, visit www.fairfaxcounty.gov/news.

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