For the 36th consecutive year, Harford County Government this week was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada.
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 a government and its management.
The award is in recognition of the County’s Fiscal Year 2020 Comprehensive Annual Financial Report. The annual report is required by state and local laws and is an overall assessment of the County’s fiscal performance including revenues, expenses, debt, investment performance, and pensions.
“I am proud that despite the challenges of the pandemic, Harford’s financial reporting consistently achieves the highest quality standards,” said County Executive Glassman. “I would like to thank my treasurer, Robbie Sandlass, and his team for completing this year’s report on time and continuing our tradition of excellence.”
The GFOA, founded in 1906, represents public finance officials throughout the United States and Canada. The association’s more than 20,000 members are federal, state/provincial, and local finance officials deeply involved in planning, financing, and implementing thousands of governmental operations in each of their jurisdictions.
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist 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 to recognize individual governments that succeed in achieving that goal.