Finance and Administration Cabinet
Annual financial report receives 20th consecutive award of excellence

FRANKFORT, Ky.—The commonwealth of Kentucky has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). This marks the 20^th consecutive year that the commonwealth has received this award, landing Kentucky in the top 10 state’s to annually achieve such a distinction.

This certificate of achievement is the highest form of recognition bestowed by GFOA in the area of governmental accounting and financial reporting. The Award of Financial Reporting Achievement was presented to Ed Ross, a 36-year state employee and controller for the commonwealth of Kentucky, a position only he has held since its inception in 1994. Prior to becoming controller, Ross served as director of the division of accounts, the office responsible for the production of the CAFR. This is the 20^th straight year that Ross has accepted this award on Kentucky’s behalf.

“Under Mr. Ross’ leadership, the commonwealth of Kentucky has earned a position of national prominence in financial reporting,” said Finance and Administration Cabinet Secretary Mike Burnside.  “We are indeed fortunate to have him as our controller and we congratulate him and his staff for their accomplishments.”

Annual financial reports from across the nation are judged at the close of each fiscal year by an impartial panel on a number of factors, including a demonstrated spirit of full disclosure that clearly communicates the individual state’s financial story, representing a significant accomplishment by a state government and its management. The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago, IL and Washington, D.C.

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