Sherwood Receives Budget Award from GFOA
City has Achieved Recognition Annually since 2006
The City of Sherwood has received notification from the Government Finance Officers Association (GFOA) of the United States and Canada that the City has been awarded the GFOA Distinguished Budget Presentation Award for the current year's budget. The award represents a significant achievement for the city since it reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting.
In order to receive the 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 1) a policy document, 2) a financial plan, 3) an operations guide, and 4) a communications device. Budget documents must be rated "proficient" in all four categories, and the fourteen mandatory criteria within those categories, to receive the award.
"Congratulations to our Finance Director Julie Blums and our staff in achieving this national recognition for our budget," states Joseph Gall, City Manager. "I look forward to continued improvement in our financial transparency in our budgeting and fiscal matters."
For budgets including fiscal period 2012, over 1,340 entities are expected to receive the award. Award recipients have pioneered efforts to improve the quality of budgeting and provide and an excellent example for other governments throughout North America.
The Government Finance Officers Association is a nonprofit professional association serving over 17,800 government finance professionals throughout North America. The GFOA's Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.
For more information about this recognition, please feel free to contact at Julie Blums, Finance Director at email@example.com
or by phone at 503.625.4212.