City’s Budget Presentation Wins National Award
Wednesday, January 16, 2019
The City of Irvine has been awarded the Distinguished Budget Presentation Award by the Government Finance Officers Association of the United StatesandCanada (GFOA). The award represents the highest form of recognition in government budgeting for a municipal entity.
“The City of Irvine being recognized with the Distinguished Budget Presentation Award, is a testament of the deliberate strategy set forth by the Irvine Master Plan more than half a century ago and the diligence of the Irvine city management team,” said Bryan Starr, president and CEO, Greater Irvine Chamber. “The Chamber’s Board of Directors and professional staff congratulates the Irvine city management team for their fiscal prudence.”
The award is 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 an entity’s budget serves as: a policy document, a financial plan, an operations guide, and a communications device. Budget documents must be rated “proficient” in all four categories, and the 14 mandatory criteria within those categories, to receive the award.
It also comes at a crucial time as the City of Irvine moves to a two-year budget in the context of a comprehensive five-year financial plan. In addition, the city received the Excellence Award for Fiscal Year 2018-19 Operating Budget from the California Society of Municipal Finance Officers.
There are more than 1,600 participants in the Budget Awards Program. The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA’s website. 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 more than 19,000 government finance professionals throughout North America. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.
Category: Partner News, Community News