The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the City of Nassau Bay the GFOA’s Distinguished Budget Presentation Award for the fourth consecutive year.
“This award is a reflection of the City’s continued commitment to ensure fiscal responsibility and transparency,” said City Manager Jason Reynolds. “The budget report is highly detailed yet organized and simplified in a way that the public can easily find and understand the information within the report or through the interactive budget portal on our website that was implemented last year.”
In order to receive this award, the City had to satisfy nationally recognized guidelines for effective budget presentation. The 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.
When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual or department designated as being primarily responsible for its having achieved the award. This has been presented to the Nassau Bay Finance Department - Finance Director Csilla Stiles, Senior Accountant & Internal Auditor Jaime Vasquez, and Accountant Julia Mendoza.
The GFOA established the Distinguished Budget Presentation Awards Program to encourage and assist state and local governments to prepare budget documents of the very highest quality that reflect both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA’s best practices on budgeting and then to recognize individual governments that succeed in achieving that goal. For budgets beginning in 2014, 1,491 participants received the Award.
For more information and to view the City of Nassau Bay’s award winning budget, please visit www.nassaubay.com/budget.