CHO Receives Certificate of Achievement
CHO just won its 19th Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) of the United States and Canada for its FY 2010 comprehensive annual financial report (CAFR). This award is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management (especially for our very small administrative staff).
In keeping with our staff’s vision, the CAFR has been 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. Amazingly, CHO was one of only two airports in Virginia to produce a CAFR and receive the certificate of achievement in FY 2009, and one of only thirty-three airports in the United States to produce a CAFR utilizing the GFOA guidelines.
