Georgetown, Del., Aug. 8, 2017: Sussex County has scored another win for taxpayers, earning its 15th consecutive award for outstanding auditing and budgeting practices from an international group of financial experts.
The Government Finance Officers Association of the United States and Canada, based in Chicago, in July awarded the County its Certificate of Achievement for Excellence in Financial Reporting for the 2016 comprehensive annual financial report (CAFR). The award is among the highest forms of recognition for governmental accounting and financial reporting.
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.
“Sussex County works continually abide by the highest standards when it comes to fiscal management,” said County Finance Director Gina A. Jennings. “We are pleased to again be honored with this prestigious award, which we believe reflects the County’s commitment to excellent fiscal management.”