Lane County awarded Certificate of Achievement for Excellence in Financial Reporting for 22nd time
Lane County’s 2023–2024 comprehensive financial report has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). This is the 22nd time Lane County has received this award.
This is the highest form of recognition in governmental budgeting and represents a significant accomplishment by Lane County and its staff. According to GFOA: “The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive ‘spirit of full disclosure’ to clearly communicate its financial story and motivate potential users and user groups to read the report.”
Lane County’s annual comprehensive financial report serves to provide the Board of County Commissioners and residents with detailed information about the County’s financial position, the results of operations of the County, and to demonstrate fiscal and operational accountability in the use of County resources.
“It is an honor to be recognized again for our work to provide an accessible and transparent accounting of how Lane County uses its financial resources,” said County Treasurer Greg Holmes. “The ability for our residents to review how we have used our limited resources to provide critical services to our nearly 400,000 residents is something we take great pride in and I am so proud of the team in my division that worked hard to pull this report together.”
The award was established in 1945 by the GFOA to “encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare annual comprehensive financial reports that evidence the spirit of transparency and full disclosure.” Nominated documents are reviewed by GFOA staff and outside reviewers with expertise in public sector budgeting.
The GFOA is a nonprofit professional association serving more than 25,000 government finance professionals throughout the United States and Canada.