Georgetown, Del., July 15, 2008: For the sixth year in a row, Sussex County has earned the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report (CAFR) for fiscal year 2007. The award is among the highest forms of recognition for governmental accounting and financial reporting.

The Government Finance Officers Association of the United States and Canada, based in Chicago, awarded the Certificate of Achievement to the county earlier this month. 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.

“We are certainly proud of this latest award, and the trend that has developed,” said County Finance Director Susan M. Webb. “I believe the awards are a testament to how well we meet such high standards, and how we clearly communicate our financial story to the public. Recognition of our efforts demonstrates our diligence in managing the taxpayers’ dollars and, ultimately, maintaining the public’s trust.”

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