Town of Frederick News

Posted on: December 29, 2016

Frederick Wins Financial Reporting Award

CAFR Award

The Town of Frederick Finance Department was recently awarded a Certificate of Achievement for Excellence in Financial Reporting. Given by the Government Finance Officers Association of the United States and Canada (GFOA), the award was for the Town's 2015 Comprehensive Annual Financial Report (CAFR).

According to the GFOA’s press release announcing the award, “The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government and its management.” This is the second year in a row  Frederick has earned this award.

 The CAFR was judged by an impartial panel to meet the high standards of the program. The standards include showing a "spirit of full disclosure" to clearly communicate the town’s financial story, and motivate potential users to read the CAFR. The GFOA is a nonprofit professional association serving over 17,500 government finance professionals.

You can read the CAFR by following the link below.

Town of Frederick Financials
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