Montgomery County Receives Recognition for Excellence in Financial Reporting

Montgomery County Receives Recognition for Excellence in Financial Reporting

For Immediate Release: Monday, July 1, 2019

Montgomery County recently received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting.

Montgomery County was recognized for its Comprehensive Annual Financial Report (CAFR) for the year ending June 30, 2018.

The County has received this award 49 times since 1951 and consecutively for 47 years since 1972 – more than any other county in the nation. This award represents 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.

Montgomery County’s CAFR was judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

GFOA is a nonprofit professional association serving approximately 20,000 government finance professionals in the U.S.

For more information about Montgomery County’s CAFR, go to www.montgomerycountymd.gov/finance.

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Media Contact: Judy Stiles   240-777-6536