The Connecticut treasurer's office for the 15th straight year has received a Treasury Certificates of Achievement for Excellence from the Government Finance Officers Association. GFOA cited two comprehensive annual financial reports for the fiscal year that ended June 30, 2014.
The certificates were awarded for the CAFRs of the short-term investment fund -- the $5 billion government investment pool for the state Treasury, state agencies and participating local governments; and the Combined Investment Funds, in which the state's $30 billion pension plans and trust funds are invested.
"This honor is a testament to our ongoing commitment to accurate, open and full disclosure of the state's finances," said Treasurer Denis Nappier.
Attainment of Certificates of Achievement, which are the highest forms of recognition in governmental accounting and financial reporting, represents significant accomplishment by a government and its management.
An impartial panel that judged the two reports found that the reports demonstrated a constructive "spirit of full disclosure" to clearly communicate the funds' financial story and motivate potential readers.
The GFOA is a nonprofit professional organization with a membership of 17,500 government finance professionals across the U.S.