The Weld County Department of Finance and Administration’s accounting team won an excellence in financial reporting award for the 41st year in a row.
For 41 consecutive years, the team has received the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting, according to a Weld County news release. Established in 1945, the certificate of achievement is the highest form of recognition in governmental accounting and financial reporting.
The attainment also represents a significant accomplishment by a government organization. The award encourages governments to exceed baseline standards in financial reporting and prepare compressive reports that include full disclosure.
To meet eligibility requirements, the accounting department must ensure Weld County’s Annual Comprehensive Financial Report is completed on time and meets the standards of the Governmental Accounting Standards Board, the release said.
The county’s annual report has to include the results of county financial transactions that are clear and accurate.
The Governmental Accounting Standards Board sets the standards the report has to meet, which can change annually. As a result, accounting departments must ensure the annual report continually meets requirements.
“It’s amazing to see our finance department win this award year after year,” Weld County Chair Scott James said in the release. “This truly is a testament to their stewardship in maintaining a document that showcases the financial responsibility of taxpayer dollars.”
For more information about Weld County’s Finance Department, go to https://bit.ly/3QAfurK.
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