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North Carolina Education Lottery (NCEL) Raleigh, NC |
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This award is the highest form of recognition in the area of governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government agency and its management. "This is the first time that the NCEL submitted its CAFR for consideration and I think it's a tremendous testament to our NCEL Finance Division to get the award on its first try," said Tom Shaheen, NCEL executive director. The CAFR is judged by an impartial panel to meet the high standards of the program. The standards include demonstration of "full disclosure" in effort to clearly communicate an agency's financial story and to motivate potential users to read the CAFR. The GFOA is a nonprofit professional association that serves approximately 17,500 government finance professionals. Its offices are in Chicago and Washington D.C. 
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