Virginia Retirement System Recognized for Excellence in Financial Reporting
RICHMOND September 6, 2024 -The Virginia Retirement System (VRS) has received awards for its Annual Comprehensive Financial Report (ACFR) and Popular Annual Financial Report (PAFR) for fiscal year 2023 from the Government Finance Officers Association of the United States and Canada (GFOA). This is the 42nd consecutive award for the ACFR and the eighth consecutive award for the PAFR.
The VRS ACFR received GFOA’s Certificate of Achievement for Excellence in Financial Reporting, which recognizes excellence in governmental accounting and financial reporting. The PAFR received an Award for Outstanding Achievement in Popular Annual Financial Reporting for its summary of financial, investment and statistical information derived from the comprehensive report.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. VRS’ reports were judged by an impartial panel to meet the high standards of the program, which includes demonstrating a “spirit of full disclosure” in communicating financial information and motivating users to read the comprehensive report, and for the clarity and visual appeal of the popular report.
GFOA is a professional association serving more than 21,000 public finance officials in the United States and Canada. For more information on the awards and GFOA, visit gfoa.org/coa-award and gfoa.org/pafr-award.