CCBC earns Certificate of Achievement for Excellence in Financial Reporting

Jul 20, 2021 | by Lisa Harlow | 443.840.4668 (office) | 443.610.3246 (cell)

The Government Finance Officers Association recently awarded the Community College of Baltimore County with a Certificate of Achievement for Excellence in Financial Reporting for the fiscal year ended 2020. 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.

“We are honored to have been recognized by the Government Finance Officers Association for our comprehensive annual financial report for the 23rd consecutive year,” said CCBC President Sandra Kurtinitis. “This distinction is a testament to the fact that we take great pride in our financial responsibilities so that we can most effectively serve our student population and our community.”

According to the GFOA, the association established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945. Its purpose is to recognize individual governments that 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.

Reports submitted to the CAFR Program have been 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 and motivate potential users and user groups to read the CAFR.

Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.

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About the Community College of Baltimore County (www.ccbcmd.edu)
Since 1957, CCBC has opened the doors to accessible, affordable, high-quality education empowering generations of area residents to transform their lives and the lives of others. Each year, more than 50,000 students enroll at the college’s main campuses, extension centers and online to make their starts, earn degrees, launch and build careers. CCBC offers the region’s most expansive selection of degree, certificate and workplace certification programs that prepare students for transfer, job entry and career advancement in such industries as business, education, health care, information technology, cybersecurity, construction and transportation. Designated as the “Best Community College” among the Maryland Daily Record’s 2020 Reader Rankings, CCBC is also nationally recognized as a leader in innovative learning strategies and among the nation’s top associate degree producers.

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.

Tags: Awards, Finance, Press, President, Kurtinitis