For Immediate Release: February 26, 2010
Contact: David M. Coriell (802) 828-3333
Montpelier, Vt. – Governor Jim Douglas today congratulated the Vermont Department of Finance and Management for receiving the Certificate of Achievement for Excellence in Financial Reporting – the highest recognition in the area of government accounting and financial reporting – from the Government Finance Officers Association of the United States and Canada (GFOA) for the 2008 comprehensive audited financial report (CAFR).
“Whether in good times or bad, Vermonters expect and deserve that their hard earned dollars are going to our most urgent priorities,” Governor Douglas said. “This is a great honor and the culmination of many years of dedicated work by talented public servants who are ensuring that every taxpayer dollar is accounted for and wisely spent.”
The GFOA is a non-profit professional association serving nearly 17,500 government finance professionals. The Certificate of Achievement for Excellence is the highest recognition in the area of government accounting and financial reporting and represents a significant accomplishment.
Vermont’s 2008 CAFR, which is prepared by the Department of Finance and Management, has been judged by an impartial panel to meet the highest standards – demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
“Agencies and Departments across state government, as well as the State Auditors and State Treasurers Offices, have been working together over many years to successfully implement the statewide financial policies and procedures that are geared toward the timely, accurate and complete reporting of financial information,” said Finance Commissioner Jim Reardon.
