File #: 14-1255    Name: GFOA Budget Award FY14
Type: Agenda Item Status: Information Sharing
In control: City Council Regular Meeting
On agenda: 12/1/2014 Final action:
Title: Presentation of Budget Award
Attachments: 1. Budget Award & Press Release
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title
Presentation of Budget Award
 
Summary
 
MEETING DATE:      December 1, 2014
 
DEPARTMENT:       Financial Services
 
CONTACT:              Rodney Rhoades, Chief Financial Officer
 
 
RECOMMENDED CITY COUNCIL ACTION:
    • Acceptance of the Award
  • ITEM SUMMARY:       
    • The Government Finance Officers Association of the United States and Canada (GFOA) presented an award for Distinguished Budget Presentation to the City of McKinney for its annual budget for the fiscal year beginning October 1, 2013 (FY2014).
    • This award is the highest form of recognition in governmental budgeting and represents a significant achievement by the City of McKinney.
    • In order to receive this award, a government unit must publish a budget document that meets program criteria as:
o      a policy document
o      a financial plan
o      an operations guide
o      a communications device  
    • This is the 30th consecutive year the City has received this award.
  • BACKGROUND INFORMATION:
    • Since the inception of the GFOA's Distinguished Budget Presentation Awards Program in 1984, approximately 1,353 entities have received the Award.  
    • The GFOA's Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.
 
SPECIAL CONSIDERATIONS:       None
 
FINANCIAL SUMMARY:       None