Saturday, December 5, 2020

City Earns Distinguished Budget Award

The Government Finance Officers Association of the United States and Canada (GFOA) awarded the City of Southlake the Distinguished Budget Presentation Award for the annual budget beginning October 1, 2016.

The award represents a significant achievement and reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. In order to receive the budget award, the City had to satisfy nationally-recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity’s budget serves as a policy document, as an operations guide, as a financial plan, and as a communications device.

In addition to receiving the award, the budget received special recognition for the way the City utilizes and showcases departmental performance metrics through strategically aligned scorecards. All three reviewers rated the document as “outstanding” in this category, with one rater noting, “The document includes good performance information for the city which are related to operational goals.”

The City has received this distinction consecutively for the past 19 years.

The GFOA is a nonprofit professional association serving nearly 18,000 government finance professionals throughout North America. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.

Learn more about the City budget process here.