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The original item was published from 11/30/2021 1:58:33 PM to 12/1/2022 12:00:13 AM.

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County News

Posted on: November 30, 2021

[ARCHIVED] QAC Recognized for Excellence in Financial Reporting

Recognized for Excellence in Financial Reporting

QAC Recognized for Excellence in Financial Reporting

 

Queen Anne’s County has received the Certificate of Achievement for Excellence in Financial Reporting (COA) for the 22nd straight year. The Department of Budget and Finance submitted its annual comprehensive financial report for the fiscal year that ended on June 30, 2020 to the Government Finance Officers Association (GFOA). The report was judged by an impartial panel and concluded that Queen Anne’s County demonstrated a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report. This is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by Queen Anne’s County government and its management. 

 

“This recognition highlights the transparency and excellence of Queen Anne’s County Government and would not be possible without the dedication hard work of our employees.” said Jim Moran, County Commissioner

 

The GFOA established the COA program in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare annual comprehensive financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. The goal of the program is not to assess the financial health of participating governments, but rather to ensure that users of their financial statements have the information they need to do so themselves.

To learn more about the Government Finance Officers Association and the Certificate of Achievement for Excellence in Financial Reporting, visit https://www.gfoa.org/

To learn more about the Budget and Finance Department of Queen Anne’s County Government, visit qac.org and search “Budget and Finance”.

 

 

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