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Finance Department Earns Distinguished Budget Award
The Town of Morehead City's Finance Department has earned its first GFOA Distinguished Budget Award for the first time, and on its first attempt. Please join us in congratulating these hardworking employees on this achievement!
According to a press release, the Government Finance Officers Association is pleased to announce that Morehead City received GFOA's Distinguished Budget Presentation Award for its budget.
The press release states, "The award represents a significant achievement by the entity. It 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 entity 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
- a financial plan
- an operations guide
- a communications device
"Budget documents must be rated "proficient" in all four categories, and in the fourteen mandatory criteria within those categories, to receive the award.
"There are over 1,700 participants in the Budget Awards Program. The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA's website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.
"Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 22,500 members and the communities they serve."
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