File #: 13-808    Name: GFOA Distinguished Budget Award FY13
Type: Agenda Item Status: Information Sharing
In control: City Council Regular Meeting
On agenda: 8/20/2013 Final action:
Title: Presentation of GFOA Distinguished Budget Award for FY2013 Budget
Attachments: 1. Budget Award & Press Release
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title
Presentation of GFOA Distinguished Budget Award for FY2013 Budget
 
Summary
 
MEETING DATE:      August 20, 2013
 
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, 2012 (FY2013).
    • 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:
      • a policy document
  • a financial plan
  • an operations guide
  • a communications device  
    • This is the 29th 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 1,340 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
 
BOARD OR COMMISSION RECOMMENDATION: None