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May 9, 2011

CATAWBA COUNTY FINANCE OFFICE WINS 29TH STRAIGHT AWARD OF EXCELLENCE

The work of a local government finance department must be extremely detailed and precise. Once a budget is approved each year, a finance department must keep track of all expenditures and revenues to insure that public funds are accounted for appropriately. A measure of the success of a finance department can be found in how its work compares to that of its peers.

The Catawba County Finance Department continues to achieve one of the nation's highest standards by this measure, as a winner of the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA), for its Comprehensive Annual Financial Report for the fiscal year that ended on June 30, 2010. Catawba County has now won the award for 29 consecutive years.

Fewer than 250 government entities in the GFOA have received the Certificate of Achievement for Excellence in Financial Reporting for 29 or more consecutive years. This places Catawba County in the top 10% of governments that have submitted Comprehensive Annual Financial Reports to the GFOA for consideration. The program had more than 3000 submissions for fiscal year 2009-2010.

The Certificate of Achievement for Excellence in Financial Reporting is presented to governmental units that the GFOA says "prepare and publish an easily readable, understandable comprehensive annual financial report covering all funds and financial transactions during the fiscal year."

"This Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management," said Stephen J. Gauthier, Director of the Technical Services Center of the GFOA. “Catawba County's report 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.”

"We continue to receive this award because of the tremendous support of the Catawba County Board of Commissioners, the dedication of our staff and their desire to achieve this recognition," said Catawba County’s Finance Director, Rodney Miller. "They are committed to producing a comprehensive annual financial report that is easy to understand by the average reader and paints a clear picture of the financial activities of Catawba County. Their hard work also helps the County achieve and maintain an attractive bond rating, since an outstanding Comprehensive Annual Financial Report is well received by bond rating agencies.”

The Government Finance Officers Association is a non-profit professional association serving over 17,000 government finance professionals throughout North America.