Bentonville, AR… Government Finance Officers Associationis pleased to announce that City of Bentonville, Arkansas, has received GFOA’sDistinguished Budget Presentation Award for its budget.
Theaward represents a significant achievement by the entity. It reflects the commitment of the governingbody and staff to meeting the highest principles of governmentalbudgeting. In order to receive thebudget award, the entity had to satisfy nationally recognized guidelines foreffective budget presentation. Theseguidelines are designed to assess how well an entity’s budget serves as:
· Apolicy document
· Afinancial plan
· Anoperations guide
· Acommunications device
Budgetdocuments must be rated “proficient” in all four categories, and in thefourteen mandatory criteria within those categories, to receive the award.
Whena Distinguished Budget Presentation Award is granted to an entity, aCertificate of Recognition for Budget Presentation is also presented to theindividual(s) or department designated as being primarily responsible forhaving achieved the award. This has beenpresented to Denise Land, Finance Director.
Thereare over 1,600 participants in the budget Awards Program. The most recent Budget Award recipients,along with their corresponding budget documents, are posted quarterly on GFOS’swebsite. Award recipients have pioneeredefforts to improve the quality of budgeting and provide an excellent examplefor other governments throughout North America.
Government Finance Officers Associationis a major professional association servicing the needs of more than 19,000appointed and elected local, state, and provincial-level government officialsand other finance practitioners. Itprovides top quality publications, training programs, services, and productsdesigned to enhance the skills and performance of those responsible forgovernment finance policy and management. The association is headquartered in Chicago, Illinois, with offices inWashington, D.C.