The State Controller
is North Carolina’s
chief fiscal officer. The
Office of the State
Controller ensures the
financial integrity of
the State by providing
accounting disbursing,
payroll, internal
control and financial
reporting systems that
serve state agencies,
employees and the
public and maximizing
financial return
through its statewide
cash management
plan. The OSC issues
numerous financial
reports including:
Financial Highlights,
General Fund Monthly
Financial Report, IT
Expenditures Report,
Statewide Accounts
Receivable Report, the
State’s Comprehensive
Annual Financial
Report ( CAFR) as well
as the short, easy-to-
read version of the
CAFR known as the
"popular” report.
David McCoy, State Controller Summer 2010
Controller’s Office Receives Top Award
For Its Annual Financial Report
THE CAFR GROUP. Pictured: Anne Godwin, Angela Johnston, David McCoy (State Controller), Helen Vozzo,
Prabahavathi Vijayarghavan, Lauren Duncan, Virginia Warren, Martha Hunt, John Barfield, Ann Anderson, Todd
Lewis, Clayton Murphy, Shirley Trollinger, Luke Harris, Cathy Johnson.
Not Pictured: Amber Young, Terri Noblin, Pam Fowler, Cynthia Vincent, John Eliadis (retired).
The Office of the State Controller has received
the Certificate of Achievement for Excellence in
Financial Reporting by the Government Finance
Officers Association of the United States and
Canada (GFOA) for its 2009 Comprehensive
Annual Financial Report, known as the CAFR.
The award is the highest form of recognition in
the area of governmental accounting and financial
reporting.
“1 am proud to announce that North Carolina
and the Office of the State Controller have once
again received this prestigious award” said State
Controller David McCoy. “This year’s award
marks the 16th consecutive year that this Office’s
efforts have been selected for recognition. This
award validates our commitment to complete
disclosure of North Carolina state government
finances.
“Through our award-winning Comprehensive
Annual Financial Report and our other financial
reporting publications, we are providing North
Carolina’s citizens with an opportunity to see
the State’s books and review the State’s financial
records. Increasing the availability of financial
information on our website is a top priority, and
I encourage our citizens to visit our website to
review these publications.”
According to the press release issued by GFOA,
the North Carolina State Controller’s “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.”
The GFOA is a nonprofit professional association
serving about 17,500 government finance
professionals with offices in Chicago, IL, and
Washington, D.C.
The 2009 CAFR can be found on the State
Controller’s website under “Recent Publications”
at: http://www.osc.nc.gov/index2.html.
