For the 12th consecutive year, Authorities Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Accomplishment for Excellence in Monetary Reporting to Bedford County for its comprehensive yearly monetary report for the fiscal calendar year which just finished on June 30, 2020.

GFOA stories how Bedford County was judged by an neutral panel and satisfied the superior standards of the plan. Some of people expectations contain demonstrating a constructive “spirit of full disclosure” to evidently connect its financial tale and encourage potential end users and consumer teams to examine the report.

The Certification of Accomplishment is the greatest form of recognition in the spot of governmental accounting and economical reporting, and its attainment represents a major accomplishment by Bedford County Federal government and its management.

Robert Daniel has served for numerous many years as Bedford County Government’s finance director. He acknowledged the award on behalf of the county.

GFOA’s awards in govt finance realize revolutionary programs—those that exemplify excellent economic administration. The awards stress realistic, documented do the job that offers leadership to the career and promotes enhanced public finance.

Once-a-year entries may well be submitted for consideration in 1 of the next Award for Excellence categories:

•Creative solution to widespread challenge

•Exceptionally well implemented GFOA most effective exercise

Standards examined when looking at an application for the award include things like: community significance and value, specialized significance, transferability, documentation, the expense/gain analysis, performance, originality, and longevity.

Although highly approved, membership in the GFOA is not needed to apply for an award.

Started in 1906, GFOA signifies general public finance officials all through the United States and Canada. The association’s a lot more than 20,000 users are federal, condition/provincial, and neighborhood finance officials deeply included in organizing, funding, and utilizing thousands of governmental functions in every single of their jurisdictions. They’re all a section of GFOA’s mission to progress excellence in community finance. 

Budget case in point

Section of Bedford County’s fiscal duty is the Bedford County School Procedure budget, which is probably a single of the greatest documents placed on Daniel’s desk. The new fiscal year spending budget was not long ago authorized by Bedford County Board of Education and learning and on June 29, through a special identified as spending budget assembly of Bedford County Fee.

The standard function school finances, which features everything vital to function a school from instruction to staff payroll, rests permitted at $74 million for 2021-2022. The kid nourishment budget is alone will cost the county all around $6 million.

Established apart in common money outlay for the coming school calendar year, which starts Aug. 2, is $1,000 for building design $1.7 million for setting up improvements and $1 million for potential land acquisitions for new school structures.

The county absorbs all over $40 million in instruction costs to teach neighborhood pupils.