File #: 10-307    Name: Government Finance Officers Association Budget Award
Type: Agenda Item Status: Information Sharing
In control: City Council Regular Meeting
On agenda: 7/20/2010 Final action:
Title: Presentation of Government Finance Officers Association Distinguished Budget Award
Attachments: 1. Award & Press Release
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Presentation of Government Finance Officers Association Distinguished Budget Award

 

Summary

 

MEETING DATE:                     July 20, 2010

 

DEPARTMENT:                      Finance

 

CONTACT:                       Jennifer Fung, Executive Director of Finance

 

 

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, 2009.
  • 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 26th 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 1,214 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