Georgetown, Del., May 10, 2016: Sussex County’s financial winning streak continues for another year, as the County has earned its 14th award for outstanding auditing and budgeting practices from an international group of financial experts.
The Government Finance Officers Association of the United States and Canada, based in Chicago, in April awarded the County its Certificate of Achievement for Excellence in Financial Reporting for the 2015 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 works diligently to perform at the highest standard when it comes to accounting and fiscal management, and this award is confirmation of that,” said County Finance Director Gina A. Jennings. “We are pleased to once again be honored with this prestigious award.”
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