Published on September 09, 2022
For the 41st consecutive year, the Weld County Department of Finance and Administration’s accounting team has been awarded the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting.
“It’s amazing to see our finance department win this award year after year,” said Weld County Chair Scott James. “This truly is a testament to their stewardship in maintaining a document that showcases the financial responsibility of taxpayer dollars.”
The Certificate of Achievement, which was established in 1945, is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government organization. It encourages state and local governments to exceed the baseline financial reporting standards and prepare comprehensive reports that encourage full disclosure.
To be eligible for the certificate, the accounting department must work thoroughly, ensuring Weld County’s Annual Comprehensive Financial Report is completed on time and meets the standards of the Governmental Accounting Standards Board (GASB). The county’s annual report includes results of county financial transactions which the accounting department puts together in a clear and accurate manner. The GASB sets all the standards the report must meet, including specific financial information to be included, and how the design of the report should look. The standards can change year to year, so the accounting department must work hard to ensure the annual report continually meets requirements.
For more information about Weld County’s Finance Department, visit www.weldgov.com/Government/Departments/Finance-and-Administration.