Georgetown, Del., July 22, 2014: Sussex County has at least a dozen reasons to be proud, earning high marks once again from an international group of financial experts by winning its 12th consecutive award for outstanding auditing and budgeting practices.
The Government Finance Officers Association of the United States and Canada, based in Chicago, earlier this month awarded the County its Certificate of Achievement for Excellence in Financial Reporting for the 2013 comprehensive annual financial report (CAFR). The award is among the highest forms of recognition for governmental accounting and financial reporting.
The CAFR was judged by an impartial panel to meet the high standards of the association’s program.
The award is an acknowledgment of Sussex County’s comprehensive annual financial report, or CAFR. The document includes the County’s annual audit, showing assets, liabilities, equity, revenues and expenses. It also contains information about county demographics and the local economy. That information helps those reviewing the report – such as investors – to better gauge the County’s financial condition.
“Sussex County prides itself on being able to win this prestigious award each year,” said County Finance Director Gina A. Jennings. “This is a great accomplishment, and we believe this speaks tremendous volumes about the strong fiscal management of County government.”