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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 2016 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, and its attainment represents a significant accomplishment by a government and its management.” This is the third year in a row that Frederick has earned this award.
The CAFR was judged by an impartial panel to meet the high standards of the program. The standards include demonstrating 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 19,000 government finance professionals.