New Castle County Earns 21st Consecutive Budget Award
Lost in the election whirlwind was this tidbit of info that came out last week…
County Executive Chris Coons announced that New Castle County has received the Distinguished Budget Presentation Award for its Fiscal 2011 Comprehensive Annual Budget Summary from the Government Finance Officers Association of the United States and Canada (GFOA).
This prestigious award is the highest form of recognition in governmental budgeting that a local government can receive. Of nearly 40,000 units of local government eligible throughout the U. S. and Canada, an average of less than 4% receive this honor each year. This is the 21st consecutive year that New Castle County has merited the award.
In the selection process, submitted budget documents are reviewed by three independent members of GFOA’s Budget Review Panel. To receive the Distinguished Budget Presentation Award, the budget document has to satisfy nationally recognized guidelines for effective budget presentation. A majority of the reviewers must rate the document proficient in each of four major award categories, judging the merits of the budget as a Policy Document, a Financial Plan, an Operations Guide, and a Communications Device.
About the GFOA:
The GFOA is a nonprofit professional association serving 17,600 government finance professionals throughout North America. It is recognized as one of the highest sources of financial reporting guidance for state and local governments in North America. The GFOA’s Distinguished Budget Presentation Awards program is the only national awards program in governmental budgeting.
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