News Column

Larimer County Recognized for Financial Excellence

August 1, 2014



LARIMER COUNTY, Colo., Aug. 1 -- The Larimer County Board of County Commissioners issued the following news release:

For the 30th year running, Larimer County has been awarded the 'Certificate of Achievement for Excellence in Financial Reporting' by the Government Finance Officers Association (GFOA) of the United States and Canada. The County Finance Division received the award for their 2013 Comprehensive Annual Financial Report (CAFR) for the fiscal year ending December 31, 2013. Of the approximately 3,000 Counties in the US, only 16% qualified for the award.

An impartial panel of accounting experts determined that Larimer County's CAFR met GFOA's high standards of reporting, including demonstrating a "spirit of full disclosure." The Financial Report satisfied Generally Accepted Accounting Principles, legal requirements, and met readability and organization standards. The standardized format used for the CAFR makes it much easier to compare Larimer to itself from year to year, and to other cities and counties across the U.S. and Canada, where the GFOA standards are utilized for financial reporting.

A tremendous amount of work is required for a local government to even become eligible to compete for this recognition. It also requires a great deal of ongoing effort and dedication for Larimer County to annually sustain the certification as it has for the past thirty (30) consecutive years. The award sends a message of fiscal responsibility to the financial community. The GFOA is a nonprofit professional association serving over 17,000 government finance professionals.

A formal presentation of this award was made to the Board of County CommissionersJuly 22, 2014 at their weekly Administrative Matters meeting. The 2013 CAFR can be viewed at the County's website at www.Larimer.org under the Finance Department section.

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