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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 (GFOA), the award was for the 2017 Comprehensive Annual Financial Report (CAFR).
The GFOA’s press release states, “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 fourth 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 CAFR must have a "spirit of full disclosure" to clearly communicate the town’s financial story, and motivate people to read the CAFR.
The GFOA is a nonprofit serving nearly 19,000 government finance professionals. You can check out the CAFR at the link below