Thursday, August 5, 2021

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.

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.

City Receives Distinguished Budget Award

GFOA distinguished budget awardFor the seventh year in a row, the City of Southlake has been recognized for budgeting excellence.  This year the City received the Distinguished Budget Presentation Award from the Government Finance Officers Association (GFOA) for the FY 2015 budget document.

Award comments included “Long term planning is evident.” and “Excellent strategic alignment of goals and performance measures.”

GFOA was founded in 1906 and has nearly 18,000 members.  The members are made of up federal, state and local finance officials. According to the GFOA’s website, its mission “is to enhance and promote the professional management of governmental financial resources by identifying, developing, and advancing fiscal strategies, policies, and practices for the public benefit.”

City Manager Shana Yelverton made the announcement at the April 21, 2015 City Council meeting.  The City Manager’s comments start about 5:00 in.  For more information about the FY 2015 budget please visit CityofSouthlake.com/FY2015