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CHARLESTON,
W.Va. – Acting Cabinet Secretary Mary Jane Pickens of the
Department of Administration and Cabinet Secretary Robert S. Kiss of the
Department of Revenue jointly announced today that the Government Finance
Officers Association of the United States and Canada (GFOA) has recognized
several agencies within state government for excellence in financial reporting.
The Certificate
of Achievement for Excellence in Financial Reporting was awarded to the
Consolidated Public Retirement Board (CPRB), the Board of Risk and Insurance
Management (BRIM), the Finance Division of the Department of Administration and
the Lottery Commission, based on these agencies’ comprehensive annual financial
reports (CAFR) for the fiscal year ending June 30, 2015. In making this
prestigious national award, GFOA recognizes conformance with the highest
standard for preparation of state and local government financial reports.
According to GFOA, 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 21st year of receiving this honor for BRIM and the Finance
Division; the 19th year for the Lottery Commission; and the fourth year
for CPRB. The CAFR is 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 to read the CAFR.
Additionally,
the State Budget Office of the Department of Revenue received the Distinguished
Budget Presentation Award for the Governor’s Executive Budget Documents for
the fiscal year ending June 30, 2017. This
marks the 21st year the State Budget Office has received this
recognition, which is the highest form of recognition in governmental
budgeting. To receive this award, the State had to satisfy nationally
recognized guidelines for effective budget presentation, including a policy
document, a financial plan, an operations guide and a communication device. The
GFOA’s Distinguished Budget Presentation Awards Program is the only
national awards program in governmental budgeting.
The
GFOA is a major professional association servicing the needs of more than
18,000 appointed and elected local, state and provincial-level government
officials and other finance practitioners. It provides top quality
publications, training programs, services and products designed to enhance the
skills and performance of those responsible for government finance policy and
management.