City earns budget award -- for 16th consecutive year
The Government Finance Officers Association of the United States and Canada (GFOA) announced the City of Round Rock, Texas, has received the GFOAâ€™s Distinguished Budget Presentation Award for its budget.
This marks the 16th consecutive year the City has received this award.
The award represents a significant achievement by the City. It reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. In order to receive the budget award, the City had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well and entityâ€™s budget serves as:
- a policy document
- a financial plan
- an operations guide
- a communications device
Budget documents must be rated â€śproficientâ€ť in all four categories, and the 14 mandatory criteria within those categories, to receive the award.
When a Distinguished budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual or department designated as being primarily responsible for its having achieved the award. This has been presented to the Finance Department.
For budgets including fiscal period 2010, more than 1,289 entities received the Award. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.
The Government Finance Officers Association is a nonprofit professional association serving nearly 17,400 government finance professionals throughout North America. The GFOAâ€™s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.
Posted: Friday, June 01, 2012