<< All News Tuesday, January 18, 2022 - 10:00am

The Office of Management and Budget (OMB) today released the 2021 Annual Comprehensive Financial Report (ACFR), a document that encompasses the fiscal activity for all of state government, for the period from July 1, 2020 to June 30, 2021.

“The ACFR provides citizens, legislators and bond rating agencies a comprehensive look at the fiscal activity for all of state government for the past fiscal year,” said OMB Director Joe Morrissette. “The 2021 ACFR shows North Dakota has weathered the pandemic in a strong financial position, with significant growth in Net Position and a record high General Fund balance.”

Morrissette noted that the ACFR is a collaborative project that involves all agencies and institutions of state government. He expressed his gratitude to the team at OMB and other agencies who worked to finalize this report ahead of deadline, including the Office of the State Auditor for their work to complete the ACFR audit in a timely manner.

"This is a significant achievement given the amount of information that the Office of Management and Budget coordinates," said State Auditor Joshua Gallion. "Our audit team found no areas of concern while reviewing the accuracy of the ACFR. We applaud the staff from the OMB for their hard work on this endeavor."

North Dakota maintained its high ranking from nonpartisan watchdog organization Truth in Accounting. In its 2021 Financial State of the States report, North Dakota received an “A” grade and the second highest score among all states. Truth in Accounting also awarded North Dakota the third highest score of any state for financial transparency. The 2020 North Dakota ACFR was also the 30th North Dakota ACFR in a row to receive the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting. The 2021 ACFR will be submitted to the GFOA for peer review to confirm that North Dakota has maintained this status.

The ACFR is required to be completed annually by OMB under N.D.C.C. 54-44-04.14.

<< All News