The City of Fate has received the Distinguished Budget Presentation Award, a national honor that “represents a significant achievement by the entity.”
The award was presented by the Government Finance Officers Association of the United States and Canada (GFOA), a nonprofit professional association serving almost 18,000 finance professionals throughout North America. The GFOA’s Distinguished Budget Preparation Awards program is the only national awards program in governmental budgeting.
Ken Heerman, assistant city manager and finance director of Highland Village, presented the award to City of Fate officials during the Monday night city council meeting.
The award was presented to Mayor Lorne Megyesi, Finance Director Marty Coursey and all Finance Department employees – Teri Conoly, Vickey Raduechel, Ryleigh Valladarez, Claudia Lazalde, Amanda Attaway and Miranda Duffey.
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 as being primarily responsible for its having achieved the award. The certificate was presented to Coursey.
“The award (Distinguished Budget Presentation Award) represents a significant achievement by the entity,” stated a GFOA news release announcing the award.
“It reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting.”
In order to receive the award, the City of Fate had to satisfy nationally-recognized guidelines for effective budget presentation.
The guidelines, according to the news release, are designed to assess how well an entity’s budget serves as a policy document, financial plan, operations guide and communications device.
For an entity to receive the award, budget documents must be “proficient” in all four of those categories and 14 mandatory criteria within those categories.
For budgets including fiscal period 2013, more than 1,400 participants received the award.