Auditor Klutz: Indiana Receives Highest Award For Financial Reporting, Again

STATEHOUSE — Indiana received the highest award for financial reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for the 29th consecutive year thanks to the hard work provided by Indiana’s financial team lead by Auditor of State Tera Klutz, CPA.

GFOA awarded Indiana the Certificate of Achievement for Excellence in Financial Reporting for the state’s 2021 Annual Comprehensive Financial report (ACFR), which is prepared by the Auditor of State and audited by the State Board of Accounts.

“The Certificate of Achievement from the GFOA is the highest form of recognition in governmental accounting and financial reporting, and a huge accomplishment by our team,” said Klutz. “Compiling this annual report requires an extremely high level of detail, accuracy and persistence in gathering information. Year after year, Indiana continues to showcase our talent for responsible reporting.”

The in-depth report accounts for all the state’s financial data for all of Indiana’s funds. The report also includes other financial, demographic, economic and statistical information.

“Indiana’s ACFR is one of the main components used by the nationally recognized statistical rating organizations to review and analyze Indiana’s financial condition, and assign a credit rating,” Klutz added. “The state’s credit currently has a AAA rating, which means lower costs for borrowing and reassures Hoosiers that Indiana’s financial health is strong.”