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:
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 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