CHARLESTON, W.Va. – Cabinet Secretary John Myers of the
Department of Administration announced today that the Government Finance
Officers Association of the United States and Canada (GFOA) has recognized
several agencies within its Department for excellence in financial reporting.
The
Certificate of Achievement for
Excellence in Financial Reporting was awarded to the Finance Division of
the Department of Administration on behalf of the State of West Virginia, the
Consolidated Public Retirement Board (CPRB), and the West Virginia Board of
Risk and Insurance Management (BRIM), by GFOA for these agencies’ comprehensive
annual financial reports (CAFR) for the fiscal year ending June 30, 2017. In
making this prestigious national award, GFOA recognizes conformance with the
highest form of recognition in the area of governmental accounting and
financial reporting. Its attainment represents a significant accomplishment by
a government and its management.
This is the 23rd year of
receiving this honor for BRIM and the Finance Division and the sixth year for
CPRB. The CAFR is judged by an impartial panel to meet the high standards of
the program, including demonstrating a constructive “spirit of full disclosure”
to clearly communicate its financial story and motivate potential users to read
the CAFR.
“I’m
pleased that these three agencies within the Department of Administration are
being recognized for having consistently compiled accurate and complete
comprehensive annual financial reports that showcase the state’s financial
picture and forecast for future years. This acknowledgement indicates that the internal financial controls and assurances that are in
place within state government are working. And the result is a high level of
accountability and transparency to our citizens,” said Cabinet Secretary Myers.
“I applaud these state agencies and their hard-working staff who continuously
reach these levels of financial reporting excellence each year.”
The GFOA is a major professional
association servicing the needs of nearly 19,000 appointed and elected local, state
and provincial-level government officials and other finance practitioners. It
provides top quality publications, training programs, services and products
designed to enhance the skills and performance of those responsible for
government finance policy and management.