File #: 17-769    Name: Budget Award FY17
Type: Agenda Item Status: Information Sharing
In control: City Council Regular Meeting
On agenda: 7/31/2017 Final action:
Title: Presentation of GFOA Distinguished Budget Award for FY2017 Budget
Attachments: 1. Budget Award FY17
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Title

Presentation of GFOA Distinguished Budget Award for FY2017 Budget

 

Summary

 

COUNCIL GOAL:                     Financially Sound Government

 

MEETING DATE:                     July 31, 2017

 

DEPARTMENT:                      Budget

 

CONTACT:                                            Mark Holloway, 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, 2016 (FY2017).
  • 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 33rd 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 1,600 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