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Accounting Department receives 38th GFOA Award

Posted on 03/04/2020
Accounting Department receives 38th GFOA Award

Weld County’s Comprehensive Annual Financial Report (CAFR) has been nationally recognized once again by the Government Finance Officers Association (GFOA). The Certificate of Achievement for Excellence in Financial Reporting for the 2019 fiscal year was recently awarded to the Accounting Department.

“Congratulations! What an amazing accomplishment to win this award for the 38th consecutive year,” said Mike Freeman, Chairman of the Weld County Board of Commissioners. “Weld County’s accounting team deserves this recognition, and it shows our commitment to being good stewards of taxpayer money.”

Established in 1945, GFOA’s Certificate of Achievement program encourages state and local governments to exceed the baseline financial reporting standards and prepare comprehensive reports that foster full disclosure. This achievement is the highest form of recognition in governmental accounting and reporting.

Weld County’s Accounting Department works diligently to ensure the CAFR, which is comprised of financial transaction results, is completed on time and the guidelines of the Governmental Accounting Standards Board (GASB) are met. The standards for the design and type of financial information required in the report can change from year to year; however, in its 38th consecutive year of winning this award, Weld County’s Accounting Department continues to ensure these changing standards are being met.

Experts in governmental financial reporting at the GFOA judge state, local and county financial reports submitted annually. The CAFR, which best meets the standards mentioned above, is awarded the certificate.

“Thank you for this recognition,” said Barb Connolly, Weld County Controller. “I’m extremely proud of my team for meeting GFOA standards yet again. We greatly appreciate the honor of receiving this award.”

For more information about the Weld County Accounting Department, visit www.weldgov.com.