For the 14th consecutive year, The Community College of Baltimore County has been recognized for excellence in financial reporting.
The Government Finance officers Association recently awarded its Certificate of Achievement for Excellence in Financial Reporting to the college, according to a statement from CCBC.
“I am pleased to say that we have received this recognition for 14 consecutive years,” CCBC President Sandra Kurtinitis said in the statement. “As an institution sustained by state and county funding, we understand the importance of serving as stewards of public money and public trust." We are extremely proud that our efforts are being recognized in this manner.”
The certificate program was established in 1945 to "encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles that evidence the spirit of transparency and full disclosures and then to recognize individual governments that succeed in achieving that goal," according to the statement.
Reports submitted through the certificate program are reviewed by GFOA professional staff members and a Special review Committee, comprised of individuals with expertise in public-sector financial reporting, including financial statement preparers, independent auditors, academics, and other finance professionals, according to the statement.
The certificate is the highest form of recognition in governmental accounting and financial reporting, according to GFOA.