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04-21-17 County Awarded Certificate of Achievement for Excellence in Financial Reporting
 
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2017 News Releases

For Immediate Release

County Awarded Certificate of Achievement for Excellence in Financial Reporting

April 21, 2017
Communications and Media

CHESTERFIELD COUNTY, VA — The Chesterfield County Accounting Department was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for its comprehensive annual financial report for the fiscal year ending June 30, 2016. This is the 36th consecutive year that Chesterfield County has received the award, continuously meeting the changing financial reporting requirements.

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 the county.

“This award reflects a high level of collaboration among the dedicated, knowledgeable staff who compile and submit this complex report for audit,” Patsy Brown, accounting director, said. “The fiscal 2016 report required new fair value disclosures, and I commend staff for researching and interpreting these changes and making other improvements before the compilation process to ensure the timely completion of a quality report.”

The county’s comprehensive annual financial report was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.

The Government Finance Officers Association established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945. It encourages and assists state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then recognizes individual governments that achieve that goal.



Contact Person:  Teresa Bonifas
Contact Email: BonifasT@chesterfield.gov
Contact Phone: 804-318-8314

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