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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.”

To view the 2021 ACFR and previous reports, click here.

Contact: Emily Boesen
Email: [email protected]
Phone: 317-232-3301

Tera K. Klutz is the 57th Indiana Auditor of State and the first Certified Public Accountant (CPA) to serve as
the state’s Chief Financial Officer. She was appointed by Gov. Eric Holcomb and sworn in on Jan. 9, 2017
and elected to a four-year term in November 2018 and 2022. Auditor Klutz is focused on providing accurate
information, maintaining and enhancing government transparency and delivering great customer service to
all Hoosiers.

GFOA is a major professional association providing services to nearly 19,000 state and local government
officials whose mission is to promote excellence in state and local government financial management. To be
awarded a Certificate of Achievement by GFOA, a government must publish an easily readable and
efficiently organized ACFR that satisfies both accounting principles and legal requirements.

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