Accounting DepartmentJune 19, 2019
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, 2018. This is the 38th 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.
“Preparation of this report requires a high level of collaboration among the staff and the dedication to stay current with continuously changing financial reporting requirements,” said Patsy Brown, director of accounting. “The report for the fiscal year ending June 30, 2018 incorporated multiple changes throughout the complex report. I commend and congratulate the financial reporting staff on their research, planning, and commitment to produce a timely and 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.