The Government Finance Officers Association of the United States and Canada (GFOA) based out of Chicago, Illinois recently awarded the City of Homestead the GFOA’s Distinguished Budget Presentation Award for its 2009- 2010 Annual Operating and Capital budget.
This is the second, consecutive year that the City of Homestead receives this award and represents a significant achievement. It reflects the commitment of the Mayor, City Council, and staff to meet the highest principals of governmental budgeting. In order for the City to receive this budget award, employees had to satisfy nationally recognized guidelines for effective budget presentation. The guidelines are created to evaluate how well an entity’s budget serves as: policy document, financial plan, operations guide, and communications device.
Budget documents must be rated “proficient” in all four categories, and the fourteen mandatory criteria within those categories, to receive this award.
When a distinguished Budget Presentation Award is granted, a Certificate of Recognition for Budget Presentation is also presented to the individual or departments as being primarily responsible for having achieved this award. This has been presented to Elizabeth M. Mangual, a dedicated employee who has been working for the City of Homestead for the last 12 years.
The GFOA is a nonprofit professional association serving 17,600 government finance professionals throughout North America. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.