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The Government Finance Officers Association (GFOA) announced that the Town of Frederick has received GFOA’s Distinguished Budget Presentation Award for its 2019 budget.
According to the GFOA’s press release announcing the award, “The award represents a significant achievement by the entity. 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, Frederick had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well the budget serves as:
• A policy document
• A financial plan
• An operations guide
• A communications device
Budget documents must be rated “proficient” in all four categories, and in the fourteen mandatory criteria within those categories, to receive the award. There are over 1,600 participants in the Budget Awards Program. The most recent Budget Award recipients, along with their corresponding budget documents, are posted on GFOA’s website, GFOA.org. You can also find the Town of Frederick’s 2019 Budget documents at FrederickCO.gov/Budget.
The Government Finance Officers Association (GFOA), founded in 1906, is a major professional association servicing the needs of more than 20,000 federal, state, and local finance officials. GFOA’s mission is to advance excellence in public financing.