Explore RockvilleHow Do I?
Click to Home
Go To Search
PrintEmail

Rockville News

Posted on: March 28, 2017

Rockville Honored for Excellence in Financial Reporting

International Finance Association Awards City Highest Honor

Rockville, Maryland, March 28 – The City of Rockville was honored by the Government Finance Officers Association of the United States and Canada (GFOA) with a Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report (CAFR) and an Award for Outstanding Achievement for its Popular Annual Financial Report (PAFR) for Fiscal Year 2016.

This is the 27th consecutive year that Rockville has received this honor for the CAFR and the 10th consecutive year that Rockville has received this honor for the PAFR.

The CAFR is prepared by Rockville’s Finance Department in accordance with generally accepted accounting principles. It is audited each year by a firm of certified public accountants.
 
The city created the first PAFR in 2007 as a way to explain, in layman’s terms, the information contained in the CAFR. The PAFR is not a replacement for the CAFR, but rather a supplemental document to further assist the public in reviewing the city government’s financial operations.

The 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. Impartial panels judged the CAFR as demonstrating a constructive “spirit of full disclosure” to clearly communicate the city’s financial story and motivate potential users to read the CAFR and PAFR.

The GFOA is a nonprofit professional association serving nearly 19,000 appointed and elected local, state and provincial-level government officials and finance professionals.

The CAFR and PAFR are available at www.rockvillemd.gov/financialreports. For more information, call the Finance Department at 240-314-8400.

# # #

MEDIA CONTACT:
Marylou Berg
Director of Communication
240-314-8105
mberg@rockvillemd.gov
Facebook Twitter Google Plus Email

Other News in Rockville News

On Your Marks for the Rockville 10K/5K

Posted on: October 9, 2017

‘Leaf’ It to Rockville in April

Posted on: March 28, 2017

Rockville Declares Snow Emergency

Posted on: March 13, 2017

Be In-the-Know When It Snows

Posted on: December 15, 2016

'Leaf' It to Rockville

Posted on: November 17, 2016

‘Leaf’ It to Rockville

Posted on: November 17, 2016

Speak Now (and Later) About the Budget

Posted on: October 26, 2016