Roanoke County's Finance department has been annually recognized by the Government Finance Officers Association of the United States and Canada (GFOA) since 1984, and has consistently earned the association's Certificate of Achievement for Excellence in Finance Reporting for the department's Comprehensive Annual Financial Report (CAFR)
The Government Finance Officers Association (GFOA) sponsors award programs designed to encourage sound financial reporting for financial documents including the Comprehensive annual financial report, or CAFR, and the annual budget. The group also awards an award for Excellence in government finance.
||The GFOA is the professional association of state/provincial and local finance officers in the United States and Canada, and has served the public finance profession since 1906. GFOA members are dedicated to the sound management of government financial resources. The GFOA continues to provide leadership to the government finance profession through research, education, and recommended practices.
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.