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Homepage News & The Informed Citizen, Louisa County e-newsletter

Posted on: September 8, 2022

Louisa County Receives Excellence in Financial Reporting Award

Financial Report - 511x180

Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the County of Louisa for its annual comprehensive financial report for the fiscal year ended June 30, 2021. The GFOA established the certificate program nearly 80 years ago to encourage state and local governments to go beyond the minimum requirements of generally accepted accounting principles and to recognize individual governments that succeed in achieving the high standards of the program. 

To receive the Certificate of Achievement, an impartial panel concluded Louisa County’s annual comprehensive financial report demonstrated transparency in government and a constructive "spirit of full disclosure" to clearly communicate financial information. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. Louisa County has received the award multiple times, reflecting the commitment to deliver a thorough and understandable financial document to the County citizens.

“Our Finance Director, Wanda Colvin, and her capable staff never fail to go above and beyond in preparing the comprehensive financial report each year,” said County Administrator Christian Goodwin. “We’re pleased the team is once again being recognized by the GFOA as the report, especially one of this quality level, is a tremendous amount of effort.”

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