New Record: Montgomery Earns 50th Award for Excellence in Financial Reporting

Montgomery County earned a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for its 2019 Comprehensive Annual Financial Report (CAFR). The County has received this award 50 times since 1951 and for 48 consecutive years since 1972 – more than any other County in the nation.

The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and represents a significant accomplishment by a government and its management.

“It is an honor to receive this national recognition for the County’s Comprehensive Annual Financial Report,” said Montgomery County Finance Department Director Mike Coveyou. “Recognition shows the County’s continued focus on providing our residents transparency and accuracy in the County’s financial reporting.”

Montgomery County’s CAFR was 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.

GFOA is a nonprofit professional association serving approximately 20,000 government finance professionals in the United States.

For more information about Montgomery County’s CAFR, go to www.montgomerycountymd.gov/finance.