December 21, 2011
Contact: Assistant Controller Bob Adler
(650) 363-4891

REDWOOD CITY, Calif. – Controller Tom Huening provides details of the
financial health of San Mateo County in a report released today.
The 10-page Popular Annual Financial Report (PAFR) summarizes the essential
information contained in the County’s lengthy Comprehensive Annual Financial
Report, which was released earlier this month. The PAFR examines the fiscal year
that ended June 30, 2011, and provides a look to the future as the County seeks to
maintain services in the face of a weak economy and funding reductions from the
State and federal governments.

The PAFR, titled Financial Highlights, provides the following key information for
San Mateo County’s government:
· Financial Summary
· Economic Indicators
· Economic Outlook
· Financial Policies and Planning
· Major Initiatives
The Government Finance Officers Association of the United States and Canada
(GFOA) has given an Award for Outstanding Achievement in Popular Annual
Financial Reporting to San Mateo County for its Popular Annual Financial Report for
the fiscal year ended June 30, 2010. The Award for Outstanding Achievement in
Popular Annual Financial Reporting is a prestigious national award recognizing
conformance with the highest standards for preparation of state and local government
popular reports.

The PAFR can be accessed online at the County Controller’s web page located here.