Friday, February 03, 2012
(Monticello, NY) - County Treasurer Ira Cohen has announced that a Certificate of Achievement for Excellence in Financial Reporting has been awarded to the County of Sullivan Treasurer’s Department by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR) prepared in 2011, for the fiscal year ending December 31, 2010. 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. It is been awarded annually for the past several years to the Sullivan County Treasurer’s Department, which is primarily responsible for preparing the award-winning financial report.
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 and motivate potential users and user groups to read the CAFR.
Treasurer Cohen commended and thanked his staff, as well as that of Josh Potosek, Commissioner of Management of Budget, for their hard work, dedication, professionalism and mutual cooperation in working together to manage and document the financial affairs of the County, which has enabled the County to earn this prestigious award again. “There is a significant amount of daily work that county departments are required to perform and a professional financial management process that culminates in this annual achievement , and I thank and commend my staff and the others for this accomplishment, as duly noted by the GFOA”, added Cohen.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL and Washington, D.C.