HomeMy WebLinkAboutAgenda - 10-18-94 - VI-A 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: OCTOBER 18, 1994
Action Agenda
Item # V-r-A
SUBJECT: PRESENTATION--CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN
FINANCIAL REPORTING
DEPARTMENT: COUNTY MANAGER PUBLIC HEARING: Yes _X_No
ATTACHMENT(S) : INFORMATION CONTACT:
PLAQUE & CERTIFICATE (to be ROD VISSER, EXTENSION 2300
presented)
TELEPHONE NUMBERS:
Hillsborough - 732-8181
Durham - 688-7331
Mebane - 227-2031
Chapel Hill - 967-9251/968-4501
PURPOSE: To acknowledge receipt of the Government Finance
Officers' Association (GFOA) Certificate of Achieve-
ment and recognize the individuals responsible for
this achievement.
BACKGROUND: The GFOA Certificate of Achievement recognizes
excellence in government financial reporting. The
Certificate of Achievement is generally acknowledged
as the highest form of recognition in the area of
governmental accounting and financial reporting and
its attainment represents a significant accomplishment
by an entity and its management.
Orange County has been awarded the Certificate of
Achievement each year since 1982 . Each year the
eligibility standards for the award become more
stringent. The Finance staff is to be commended for
their ability to consistently meet the high standards
reflected by this award.
RECOMMENDATION: The Manager recommends that Ken Chavious and his
Finance staff be recognized for their accomplishments
in being awarded the GFOA Certificate of Achievement
for the fiscal year ended June 30, 1993 .
finance3 .doc
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GOVERNMENT FINANCE
OFFICERS ASSOCIATION
180 North Michigan Avenue,Suite 800,Chicago,Illinois 60601
312/977-9700•Fax:312/977-4806
June 24 , 1994
Mr. Kenneth T. Chavious
Finance Director
Orange County
P. O. Box 8181
Hillsborough, North Carolina 27278
Dear Mr. Chavious :
We are pleased to notify you that your comprehensive annual
financial report (CAFR) for the fiscal year ended June 30 , 1993
qualifies for a Certificate of Achievement for Excellence in
Financial Reporting. The Certificate of Achievement is the
highest form of recognition in governmental accounting and
financial reporting, and its attainment represents a significant
accomplishment by a government and its management . Congratu-
lations for having satisfied the high standards of the program.
We hope that your example will encourage others in their
efforts to achieve and maintain an appropriate standard of
excellence in financial reporting.
Each entity submitting a report to the Certificate of Achievement
review process is provided with a "Summary of Grading Results"
form and a confidential list of comments and suggestions for pos-
sible improvements in its financial reporting techniques . Your
list has been enclosed. You are strongly encouraged to implement
the recommended improvements into the next report and submit it
to the program. Accompanying future submissions should be your
detailed response to each comment appearing on the list . These
responses will be provided to those Special Review Committee mem-
bers participating in the review.
WASHINGTON OFFICE
1750 K Street,N.W.,Suite 650,Washington,DC 20006
202/429-2750 • Fax:202/429-2755
3
Mr . Kenneth T . Chavious
June 24 , 1994
Page 2
Your Certificate of Achievement plaque will be shipped under
separate cover in about eight weeks . A holder of a current Certi-
ficate of Achievement may include a reproduction of the award
in its immediately subsequent CAFR. A camera ready copy of your
certificate will be forwarded to you for this purpose under
separate cover in about eight weeks .
A Certificate of Achievement is valid for a period of one year .
To continue to participate in the Certificate of Achievement Pro-
gram it will be necessary for you to submit your next CAFR to
our review process .
In order to expedite your submission we have enclosed a Certificate
of Achievement Program application form to facilitate a timely
submission of your next report . This form should be completed and
mailed (postmarked) with four copies of your report , four copies
of your application, four copies of your written responses to the
program' s comments and suggestions for improvement from the prior
year, and any other pertinent material with the appropriate fee
by December 31 , 1994 .
Your continued interest in and support of the Certificate of
Achievement program is most appreciated. If we may be of any
further assistance , please contact Dorothy Ray or Kathleen
Schultz .
Sincerely,
GOVERNMENT FINANCE OFFICERS ASSOCIATION
9 . 411.147
tephen J . Gauthier
Director/Technical Services Center
SJG/kas
Enclosures