ANNAPOLIS, Md. (July 14, 2017) – The Office of the Maryland Comptroller has once again received the Certificate of Achievement for Excellence in Financial Reporting from a North American government finance organization. The Government Finance Officers Association of the United States and Canada (GFOA) honored the agency for Maryland’s fiscal year 2016 Comprehensive Annual Financial Report (CAFR), marking the 37th consecutive year that the Comptroller’s Office has received the award.
Comptroller Franchot accepted the award on behalf of his agency, saying it validates the work done by his highly professional staff. “One of my top priorities is to keep our agency running in the most efficient and effective way possible, and it is an honor for our dedicated employees to be recognized with this prestigious award again,” he said.
The GFOA established the 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 to recognize individual governments that succeed in achieving that goal.
The 2016 CAFR was judged by an impartial panel to meet high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users to read the annual publication. For more information about the award, visit the GFOA website at www.gfoa.org.
CONTACT: Vicki Fisher, 410-260-7816 (office) or 443-534-6259 (cell)