The
Government
Finance
Officers
Association
(GFOA)
of
the
United
States
and
Canada
has
awarded
the
Certificate
of
Achievement
for
Excellence
in
Financial
Reporting
to
Prince
William
County
Public
Schools
(PWCS)
for
its
annual
comprehensive
financial
report
for
the
fiscal
year
2020.
This
is
the
18th
consecutive
year
PWCS
has
received
this
prestigious
award.The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. The attainment of this award represents a significant accomplishment for the staff and a valuable service to county residents.
"PWCS has a long history of strong financial management as evidenced by receiving the Certificate of Achievement for Excellence in Financial Reporting for 18 consecutive years," shared Vivian McGettigan, director of finance. "While the Finance Department staff work very hard year-round to confirm that financial processes are in place to ensure that the comprehensive annual financial report can be prepared, this accomplishment also recognizes the financial decisions made by the School Board and senior management. They create a positive tone from the top focused on managing the financial resources entrusted to PWCS and the contributions made by every department and school ensuring that financial controls are in place every day."
The comprehensive annual financial report is prepared in accordance with the guidelines set forth by the GFOA. The goal of the program is not to assess the financial health of participating governments, but rather to ensure that users of their financial statements have the information they need to do so themselves.