GFOA awarded the State of Tennessee the prestigious Certificate of Achievement for Excellence in Financial Reporting for its Annual Comprehensive Financial Report

Chattanooga, TN – According to the state officials, this remarkable achievement is the highest form of recognition in governmental accounting and financial reporting, representing a significant accomplishment by a government and its management.

An impartial panel judged the state’s annual comprehensive financial report to meet the program’s high standards, which include demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users to read the report.

This commendation exemplified the State of Tennessee’s steadfast commitment to upholding best practices in financial reporting while showcasing its leadership in this field.

By receiving this award, the state demonstrated its dedication to fiscal responsibility and transparency in effectively communicating its economic performance.