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Posted on: June 29, 2021

County Awarded Certificate of Achievement for Excellence in Financial Reporting

Accounting Department

June 29, 2021

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, 2020. This is the 40th consecutive year that Chesterfield has received this prestigious 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.

“Achieving the high standards set by the GFOA for the certificate program is increasingly difficult with each passing year,” said Donna Arrington, director of Accounting for Chesterfield. “Receiving this honor for the 40th straight year is a testament to the hard work and commitment to excellence of the many county and school staff who collaborate in compiling this report and to the guidance and leadership received from the highest level of county administration.” 

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.

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