Central ND News

North Dakota's Office of Management and Budget (OMB) Director said the satet is a "leader in fiscal responsibility" following the publication of the state's 2024 Annual Comprehensive Financial Report (ACFR), detailing the state's financial activities for the fiscal year spanning July 1, 2023, to June 30, 2024.

“North Dakota remains a leader in fiscal responsibility and transparency,” OMB Director Joe Morrissette said. “Our ACFR, along with innovative tools like real-time financial dashboards, demonstrates our dedication to providing accessible and reliable financial information for all North Dakotans.”

According to a press release, the report highlights North Dakota’s strong fiscal performance for 2024, with an 11.2% increase in net position and a 12.4% growth in the general fund balance over the previous year. 

In regards to transparency, the state has earned an “A” grade and the top national ranking in the Truth in Accounting report and received the GFOA’s Certificate of Achievement for Excellence in Financial Reporting for the 33rd consecutive year.

“The ACFR is an essential resource for understanding the state’s financial performance over the past fiscal year,” Morrissette said. “I want to recognize the incredible efforts of our OMB ACFR team and fiscal professionals from across state government who collaborated to ensure this report is both accurate and timely. Their dedication highlights our commitment to financial transparency and accountability.”

The ACFR offers a thorough overview of the state's financial status, including government-wide financial statements, fund financial statements, and statistical data. It serves as a vital resource for stakeholders seeking insight into North Dakota's fiscal health and economic performance over the specified period.