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Agenda 01-17-23; 4-b - Presentation of Annual Comprehensive Financial Report for FYE 6.30.2022
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Agenda 01-17-23; 4-b - Presentation of Annual Comprehensive Financial Report for FYE 6.30.2022
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1/12/2023 11:32:51 AM
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BOCC
Date
1/17/2023
Meeting Type
Business
Document Type
Agenda
Agenda Item
4-b
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3 <br /> Government Finance Officers Association <br /> 203 North LaSalle Street,Suite 2700 <br /> Chicago,Illinois 60601-1210 <br /> 312.977.9700 fax: 312.977.4806 <br /> 11/4/2022 <br /> Gary Donaldson <br /> Chief Financial Officer <br /> Orange County,North Carolina <br /> Dear Mr. Donaldson: <br /> Congratulations! <br /> We are pleased to notify you that your annual comprehensive financial report for the fiscal year ended <br /> June 30, 2021 has met the requirements to be awarded GFOA's Certificate of Achievement for Excellence <br /> in Financial Reporting. The GFOA established the Certificate of Achievement for Excellence in Financial <br /> Reporting Program(Certificate Program)in 1945 to encourage and assist state and local governments to <br /> go beyond the minimum requirements of generally accepted accounting principles to prepare annual <br /> comprehensive financial reports that evidence the spirit of transparency and full disclosure and then to <br /> recognize individual governments that succeed in achieving that goal. The Certificate of Achievement is <br /> the highest form of recognition in governmental accounting and financial reporting. Congratulations, <br /> again, for having satisfied the high standards of the program. <br /> Your electronic award packet contains the following: <br /> • A "Summary of Grading" form and a confidential list of comments and suggestions for <br /> possible improvements. We strongly encourage you to implement the recommended <br /> improvements in your next report. Certificate of Achievement Program policy requires that <br /> written responses to these comments and suggestions for improvement be included with your <br /> 2022 fiscal year end submission. If a comment is unclear or there appears to be a discrepancy, <br /> please contact the Technical Services Center at(312) 977-9700 and ask to speak with a <br /> Certificate of Achievement Program in-house reviewer. <br /> • Certificate of Achievement.A Certificate of Achievement is valid for a period of one year. A <br /> current holder of a Certificate of Achievement may reproduce the Certificate in its immediately <br /> subsequent annual comprehensive financial report. Please refer to the instructions for reproducing <br /> your Certificate in your next report. <br /> • Award of Financial Reporting Achievement. When GFOA awards a government the Certificate <br /> of Achievement for Excellence in Financial Reporting,we also present an Award of Financial <br /> Reporting Achievement(AFRA)to the department identified in the application as primarily <br /> responsible for achievement of the Certificate. <br /> • Sample press release.Attaining this award is a significant accomplishment. Attached is a sample <br /> news release that you may use to give appropriate publicity to this notable achievement. <br />
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