Maryland Comptroller Wins Award for

Financial Reporting

CAFR Awarded Highest Honor for 37 Consecutive Years

 

ANNAPOLIS, Md. (June 14, 2016) – The Office of the Maryland Comptroller has once again received the Certificate of Achievement for Excellence in Financial Reporting from a North American government finance organization. The Government Finance Officers Association of the United States and Canada (GFOA) honored the agency for Maryland’s fiscal year 2015 Comprehensive Annual Financial Report (CAFR), marking the 37th consecutive year that the Comptroller’s Office has received the award. It is the highest form of recognition in the area of governmental accounting and financial reporting.

“We hope that your example will encourage other government officials in their efforts to achieve and maintain an appropriate standard of excellence in financial reporting,” said Stephen J. Gauthier, director of the Technical Services Center at GFOA in notifying Comptroller Peter Franchot of the award.

Comptroller Franchot said he was proud to accept it on behalf of his agency and noted that it validates the work done by his highly professional staff:  “As the state’s chief fiscal officer, I strongly advocate for transparent government. One of my top priorities is to keep our agency running in the most efficient and effective way possible.”

The CAFR was judged by an impartial panel to meet high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users to read the publication. For more information on the award program, visit the GFOA website at http://www.gfoa.org.