CHICAGO — Boone County’s FY2009 comprehensive annual financial report (CAFR) has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA). This is the 26th year that the county has won this award for its CAFR. 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 GFOA also conferred upon June Pitchford, Boone County Auditor, an Award of Financial Reporting. The GFOA awarded the honor for Boone County’s FY2009 CAFR, which Pitchford was primarily responsible for preparing.
The 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.
A copy of the award-winning CAFR is available on the Boone County website at showmeboone.com/auditor/CAFR2009/CAFR2009-AppWindow.asp.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with officers in Chicago and Washington, DC.
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 then to recognize individual governments that succeed in achieving that goal.
Reports submitted to the CAFR program are reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee, which comprises individuals with expertise in public-sector financial reporting and includes financial statement preparers, independent auditors, academics and other finance professionals.