County Receives Awards for Financial Audit Reports

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Provided by Prince William County

Prince William County Seal

Prince William County has earned awards for two of its Financial Audit Reports. The County earned the Certificate of Achievement for Excellence in Financial Reporting for the County’s Fiscal Year 2015 Comprehensive Annual Financial Report (CAFR). The County also earned an Award for Outstanding Achievement in Popular Financial Reporting for the County’s Fiscal Year 2015 Popular Annual Financial Report (PAFR). The awards are given by the Government Finance Officers’ Association (GFOA).

“The CAFR certificate is the highest form of recognition that an organization can receive for governmental accounting and financial reporting,” said Michelle Attreed, the County’s Finance Director. “Attaining this certificate represents a significant accomplishment for a government, its management and contributing staff. We are very proud of this great achievement, as well as the great achievement of earning an award for the county’s PAFR.”

CAFR requirements for jurisdictions are issued by the Government Accounting Standards Board (GASB) and audited annually by an external Certified Public Accounting firm. This is the 35th consecutive year the County has received the certificate.

The PAFR complements the CAFR in that it presents complex financial and statistical information, which is included in the CAFR, in a format that is more easily accessible to the general public. Prince William County is one of only five jurisdictions in Virginia to receive an award for Outstanding Achievement in Popular Financial Reporting. The four other Virginia localities include the state of Virginia, Frederick and New Kent counties and the city of Suffolk. The county’s PAFR has won the award each of the nine years it has been submitted.

View the CAFR and PAFR, as well as other County financial reports, at pwcgov.org/Accountability.

More details about the awards can be found at gfoa.org/awards.

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