We are pleased to present the King County Comprehensive Annual Financial Report (CAFR) for fiscal year ending December 31, 2013. The CAFR is based on the governmental financial reporting model which depicts the County as a single unified entity, while continuing to provide the traditional fund-based financial statements.
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to King County for its 2012 CAFR. This is the 32nd consecutive year that the County has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe the 2013 CAFR continues to meet the award program's requirements and have submitted it to the GFOA to determine its eligibility for another certificate.