Even though its been a year filled with budget difficulties, Pierce County ends 2002 on a high note of sorts when it comes to financial reporting.
Pierce County has received the Certificate of Achievement in Financial Reporting from the Government Finance Officers Association of the United States and Canada for the 18th consecutive year.
This award is the highest form of recognition in governmental accounting and financial reporting and represents a significant achievement by Budget and Finance Department Director Patrick Kenney and his staff, said County Executive John Ladenburg.
The county report is prepared annually and distributed to bond holders, bond rating agencies and grantor agencies, as well as other county departments.
It can be viewed at www.co.pierce.wa.us/abtus/plans/00cafr/index.htm (Departments/Budget & Finance/Accounting).
The countys financial report was judged by an impartial panel to meet the programs high standards.
The standards include demonstrating a constructive spirit of full disclosure to clearly communicate a government organizations financial story and to motivate potential users and user groups to read the CAFR.
The Chicago-based GFOA is a nonprofit professional association serving 14,000 government finance professionals.
