Fairfax County Recognized for Excellence in Financial Reporting
Nov. 18, 2014
The Board of Supervisors announced at its meeting today that for the 30th consecutive year, the Government Finance Officers Association (GFOA) of the U.S. and Canada has awarded Fairfax County the Distinguished Budget Presentation Award for the Fiscal Year 2015 Budget (began July 1, 2014). Special recognitions included “Outstanding as a Policy Document,” “Outstanding as a Communications Device” and “Special Performance Measures Recognition.” The award represents the GFOA’s highest form of recognition for governmental budgeting and reflects the commitment of the governing body and staff in meeting the highest principles of public budgeting.
GFOA also announced it is the 37th consecutive year that the county’s Comprehensive Annual Financial Report (CAFR) has been awarded its Certificate of Achievement in Financial Reporting, as well as the 11th consecutive year for the Integrated Sewer System CAFR and the fourth consecutive year the county’s retirement systems CAFR have received this achievement. The awards were based on the CAFRs for the fiscal year that ended June 30, 2013. According to GFOA, the Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government and its management.
The International City/County Management Association (ICMA) also recently announced that it had awarded its Certificate of Excellence to Fairfax County for the seventh consecutive year. The county is among only 29 jurisdictions across the nation being recognized for superior efforts and results in performance measurement and management with this award – the organization's highest level of recognition.
In addition, the Association of Public Treasurers of the U.S. and Canada has presented the county with its Investment Policy Certificate of Excellence Award. This was the 16th consecutive year the county’s investment policy received this award for recognition of the county’s comprehensive written policy that meets the association’s stringent criteria.