NASHVILLE – The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the State of Tennessee the Certificate of Achievement for Excellence in Financial Reporting for its Annual Comprehensive Financial Report for the fiscal year ending June 30, 2023. This award is the highest form of recognition in governmental accounting and financial reporting, signifying a significant accomplishment for the state and its management.
An impartial panel assessed Tennessee’s annual comprehensive financial report, determining that it met the program’s rigorous standards. These standards include demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and encourage potential users to read the report.
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“We are truly honored to receive the GFOA’s Certificate of Achievement for Excellence in Financial Reporting,” said Tennessee Department of Finance and Administration Commissioner Jim Bryson. “This award marks the 44th year that Tennessee has been recognized, the most of any state in the union. It is a testament to our Division of Accounts team’s ability to maintain superior standards in financial reporting over many years.”
This commendation highlights Tennessee’s ongoing commitment to best practices in financial reporting, showcasing its leadership in the field. By receiving this award, the state has demonstrated its dedication to fiscal responsibility and transparency in effectively communicating its economic performance.
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