Oklahoma County submits annual financial report ahead of deadline
Oklahoma County Clerk Maressa Treat submitted Oklahoma County’s fiscal year 2023 Annual Comprehensive Financial Report to Moody’s Investors Service, Inc. ahead of the extended deadline set by the company.
Updated: 5:40 PM CDT Apr 4, 2025
Oklahoma County submits annual financial report ahead of deadline
Oklahoma County Clerk Maressa Treat submitted Oklahoma County’s fiscal year 2023 Annual Comprehensive Financial Report to Moody’s Investors Service, Inc. ahead of the extended deadline set by the company.
Updated: 5:40 PM CDT Apr 4, 2025
Oklahoma County Clerk Maressa Treat has submitted the fiscal year 2023 Annual Comprehensive Financial Report to Moody’s Investors Service, Inc. ahead of the extended deadline. The report was sent on March 24, along with the Independent Auditor’s Report signed by State Auditor Cyndi Byrd. Treat anticipates that the county will maintain its Aa1 bond rating based on the fiscal year 2023 ACFR.
The financial information in the audited ACFR is used by Moody’s and other rating services to assign bond ratings to entities like Oklahoma County. Oklahoma County currently holds an Aa1 rating, which is considered the highest or best rating possible for a political subdivision. This rating allows the county to pay lower interest rates when borrowing money for projects like the planned new county detention center.
Treat expressed gratitude to the state auditors, her finance team, and colleagues on the Budget Board for their efforts in finalizing the ACFR and ensuring it was submitted to Moody’s ahead of the deadline. The process to confirm Oklahoma County’s rating is expected to be completed within a few weeks.
The submission of the financial report showcases transparency and the county’s commitment to maintaining a strong financial profile. The Aa1 bond rating reflects the county’s stable economic factors and creditworthiness, which benefits taxpayers by reducing borrowing costs for essential projects.
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