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Montgomery County Receives Record 50th Recognition for Excellence in Financial Reporting

For Immediate Release: Tuesday, September 8, 2020

Montgomery County was recognized with a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for its Comprehensive Annual Financial Report (CAFR) for the year ending June 30, 2019. The County has received this award 50 times since 1951 and consecutively for 48 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 its attainment 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 U.S.

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

Put the “count” in Montgomery County! Be sure to complete the Census online, by phone, or by mail. It’s safe, confidential, easy, and important. #2020Census #EveryoneCountsMCMD 

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Release ID: 20-478
Media Contact: Public Information Office 240-777-6507