Thursday, November 14, 2019

City Earns Distinguished Budget Presentation Award

The Government Finance Officers Association of the United States and Canada (GFOA) awarded the City of Southlake the Distinguished Budget Presentation Award for its annual budget beginning October 1, 2018.

“We work with the City Council every year to create a strategic budget that advances the City’s comprehensive plan and supports Southlake’s services,” said City Manager Shana Yelverton. “We are pleased that GFOA has recognized the City’s budget documents for more than 20 years.”

The GFOA distinguished budget 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.

“Each department is accountable for yearly work plans and their corresponding budgets that meet the City’s strategic goals,” said Chief Financial Officer Sharen Jackson. “Those plans are then published in the budget document so taxpayers can review it for themselves.”

The GFOA is a nonprofit professional association serving more than 20,000 government finance professionals throughout North America. Its stated mission is to advance excellence in public finance.

The Southlake City Council will consider the proposed FY 2020 budget at their regularly scheduled meetings in September. Learn more about the City’s budget process here.