CCBC receives Certificate of Achievement for Excellence in Financial Reporting
May 05, 2015 | by Hope Davis | 443.840.5053 (office) | 410.971.5560 (cell)Baltimore, MD - The Government Finance Officers Association recently awarded the Community College of Baltimore County with a Certificate of Achievement for Excellence in Financial Reporting. This certificate is the highest form of recognition in governmental accounting and financial reporting and its attainment represents a significant accomplishment by a government and its management.
The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. CCBC is the only community college in Maryland to complete the CAFR and attain this financial recognition.
Reports submitted to the CAFR program are judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
“I am pleased to say that we have received this recognition for 16 consecutive years,” said CCBC President Sandra Kurtinitis. “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.”
About the Community College of Baltimore County (www.ccbcmd.edu)
CCBC offers hundreds of programs and thousands of courses helping people of all ages, backgrounds and interests earn degrees, transfer, launch or advance careers, and prepare for in-demand jobs.
Providing accessible, affordable and high-quality education since 1957, CCBC educates more than 70,000 students each year, including half of all Baltimore County residents attending college in Maryland as undergraduates. Committed to student success and the development of lifelong learners who strengthen our regional workforce and enrich our community, CCBC has also been selected to participate in Achieving the Dream, a national student success initiative. In 2011, the Chronicle of Education honored CCBC as one of only 26 community colleges across the nation named “Great Colleges to Work For.”
CCBC is accredited by the Middle States Commission on Higher Education, 3624 Market Street, 2nd Floor West, Philadelphia, PA 19104 (267-284-5000). The Middle States Commission on Higher Education is an institutional accrediting agency recognized by the U.S. Secretary of Education and the Council for Higher Education Accreditation.
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