Comptroller Franchot Awarded Honor for Financial Reporting
- CAFR Awarded Highest Honor for More Than 30 Consecutive Years -
Annapolis, Md. () -- A North-American government finance organization recently awarded Comptroller Peter Franchot with the Certificate of Achievement for Excellence in Financial Reporting. The Government Finance Officers Association of the United States and Canada (GFOA) honored Comptroller Franchot for Maryland’s fiscal year 2012 Comprehensive Annual Financial Report (CAFR). Received for the last 34 years, the award is the highest form of recognition in the area of governmental accounting and financial reporting.
"To truly claim consent of the governed, we owe it to the taxpayers we serve to make their government as open and transparent as possible. In that spirit of openness and transparency, I’m proud that my agency’s efforts to educate and inform the public on the state’s finances are being recognized,” said Comptroller Franchot.
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 www.gfoa.org. For more information on the state’s financial picture, view the state’s fiscal year 2012 CAFR.
The GFOA is a nonprofit professional association serving approximately 17,800 government finance professionals.