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Posted on: March 3, 2020

Mahoning County Receives Financial Award Financial Reporting Recognized for Excellence

FOR IMMEDIATE RELEASE

March 3, 2020

Mahoning County Receives Financial Award
Financial Reporting Recognized for Excellence

Mahoning County - Auditor Meacham is pleased to announce that Mahoning County’ s Comprehensive Annual Financial Report (CAFR) has again been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA).

A CAFR is a report of financial statements for a governmental entity that complies with Ohio Administrative Code that requires reporting on a Generally Accepted Accounting Principles (GAAP) basis within 150 days of fiscal year end. This report contains the financial statements and other financial and statistical data which ensures the complete and full disclosure of all material financial aspects of Mahoning County for 2018. Ohio law requires independent audits to be performed on all financial operations of the County either by the Auditor of State or an independent public accounting firm.

CAFR’s are judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

"I thank the entire staff of the Auditor’s Office for their efficient and cooperative work throughout this project and the Auditor of State of Ohio in completing our annual audit and review. I am honored to work with such dedicated and professional people. This is just another example of our commitment to transparency in government," Meacham stated.

Both reports can be found on the Auditor’ s page of the Mahoning County Communicator website at: www.mahoningcountyoh.gov.


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