ELLICOTT CITY, MD – Howard County Executive Calvin Ball today announced that the County’s Department of Finance has been recognized with the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) of the United States and Canada for its “Annual Comprehensive Financial Report.”
This award-winning financial reporting and transparency speaks volumes to the work of our outstanding finance team and their commitment to maintaining the highest accounting standards by following generally accepted accounting principles. Howard County remains committed to openly sharing our government spending activities with our taxpayers and ensuring our fiscal policy decisions are sound and responsible, and we are accountable for the taxpayer dollars entrusted to us.
Each fiscal year, the County issues its official, independently audited, comprehensive financial statement. The comprehensive report details government accounting activity for the benefit of county taxpayers, elected officials, investors, vendors, and consumers in a transparent and impartial fashion. The annual submission includes statements of special revenue, capital projects, enterprise, internal service and trust, custodial and general funds. It also discloses the County’s long-term obligations and fixed assets, including infrastructure, and statistical charts on multi-year tax collection and assessable base figures.
Receiving the GFOA Certificate of Achievement for Excellence in Financial Reporting is a testament to the dedication and expertise of our Finance Department team. Their unwavering commitment to transparency, accuracy and excellence ensures that Howard County remains a model of fiscal responsibility. This achievement would not be possible without their hard work and professionalism and the entire County staff.
The County’s Department of Finance collects and invests Howard County revenues in a fiscally responsible manner, provides financial services to taxpayers, businesses, agencies, residents, and employees, and pays bills for the County.
GFOA
Found in 1906, GFOA represents public finance officials throughout the United States and Canada. The associations advances excellence in government finance by providing best practices, professional development, resources, and practical research for its more than 20,000 members and the communities it serves.