For the 13th year in a row, Campbell County has been awarded the “Award of Financial Reporting Achievement” from the Government Finance Officers Association of the United States and Canada.
The award is for the county’s fiscal year end audited financial statements and reports of June 30, 2016.
The award was announced at the April 4 Board of Supervisors meeting.
In order to be awarded this certificate, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.
The certificate is awarded to government units and public employee retirement systems whose comprehensive annual financial reports achieve the highest standards in government accounting and financial reporting.
Along with the recognition, there are advantages in attracting lower interest rates when loans or bonds are issued by the county.