Tuesday, December 21, 2010
(Monticello) – County Manager David P Fanslau has announced that Sullivan County 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) for its comprehensive annual financial report (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 Treasurer’s Department is to be commended for once again receiving this recognition.
“The County Treasurer and the Deputy County Manager/Commissioner of Management and Budget are members of GFOA, and both offices have developed an excellent professional working relationship that has permitted Sullivan County to receive the Certificate of Achievement for Excellence in Financial Reporting by GFOA for the last number of years,” said Fanslau. “There is a considerable amount of work that all of the county’s departments are required to fulfill, culminating in a financial management process that clearly shows the professionalism of these offices, and I commend Treasurer Cohen for his annual and sustainable accomplishment as duly noted by the GFOA,” added Fanslau.
The CAFR has been 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 to motivate potential users and user groups to read the CAFR.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.
“The CAFR reviews and is supported by the County budget process that was changed to be more transparent in 2007, with the incorporation of performance based management and budgeting. The prior vacancy variance process that eluded transparency was abolished in 2007 to provide for a more readily identifiable budgetary process that identifies revenues, appropriations, positions budgeted, and a capital plan,” concluded Fanslau.
For more information, please contact David Fanslau, (845) 807-0450