From WOOD COUNTY AUDITOR’S OFFICE
Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to Wood County for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended Dec. 31, 2024. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.
The certificate is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents an accomplishment by a government and its management.
Auditor Matthew Oestreich, who has received this award every year since taking office in 2018, stated, “This achievement represents the collective effort of an incredible team committed to transparency and serving the public with integrity. This high level of financial reporting has become the standard for Wood County, and although the members of the team have changed over time, the same level of dedication continues.”
The ACFR conforms to generally accepted accounting principles (GAAP) as set forth by the Governmental Accounting Standards Board (GASB). The report contains basic and supplemental financial statements and other financial and statistical information which provide a complete and full disclosure of all material financial elements of Wood County.
The auditor’s office uses the ACFR to produce a yearly citizens’ report, which aims to be a brief and easily-understood financial summary of the county’s revenues and expenditures as well as statistical information about the county and the local economy.
These reports reflect the financial data that enables the citizens of Wood County to gain a true understanding of Wood County’s finances and can be obtained online at https://auditor.co.wood.oh.us/reports/ or in print at the Wood County Auditor’s Office.
