Sussex County has earned high marks from an international group of financial experts, winning for the 11th consecutive year for outstanding auditing and budgeting practices.
The Government Finance Officers Association of the United States and Canada, based in Chicago, earlier this month awarded the county its Certificate of Achievement for Excellence in Financial Reporting for the 2012 comprehensive annual financial report. The award is among the highest forms of recognition for government accounting and financial reporting.
The award is an acknowledgment of the county’s CAFR, which includes the county’s annual audit, showing assets, liabilities, equity, revenues and expenses. It also contains information about county demographics and the local economy. That information helps those reviewing the report, such as investors, to better gauge the county’s financial condition.