- CAFR Awarded Highest Honor For More Than 30 Consecutive Years-
Annapolis, Md. (July 14, 2011) – A North-American government finance organization recently awarded Comptroller Peter Franchot with the Certificate of Achievement for Excellence in Financial Reporting. The Government Finance Officers Association of the United States and Canada (GFOA) honored Comptroller Franchot for Maryland's fiscal year 2010 Comprehensive Annual Financial Report (CAFR). Received for the last 32 years, the award is the highest form of recognition in the area of governmental accounting and financial reporting.
"I have always been a strong advocate for transparent government and as the state’s chief fiscal officer, I strive to keep our agency running in the most efficient and effective way possible," said Comptroller Franchot.
The CAFR was judged by an impartial panel to meet 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 publication. For more information on the award program, visit the GFOA Web site at www.gfoa.org. For more information on the state's financial picture, view the state's fiscal year 2010 CAFR.