The Government Finance Officers Association of the United States and Canada (GFOA) announced that the City of Parkville received the GFOA’s Distinguished Budget Presentation Award for the city’s 2016 annual budget. The Distinguished Budget Presentation Award is the highest form of recognition in governmental budgeting.
In order to receive the budget 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:
- a policy document
- a financial plan
- an operations guide
- a communications device
To receive the Distinguished Budget Presentation Award a budget document must rate proficient in all four categories, as well as rate proficient in the fourteen mandatory criteria within those categories. This is the first year that the City of Parkville achieved this award.
City Administrator Lauren Palmer said that “Parkville has been working toward this goal for three years. I am proud of the commitment of the governing body and city staff to meet the highest principles of governmental budgeting. The budget is a major team effort each year assisted by every department. I want to especially recognize Tim Blakeslee, Assistant to the City Administrator, for doing the primary work to compile the budget document and prepare the award application.”
Only 29 municipalities statewide received the award in 2015, putting Parkville among the top three percent of its peers for excellence in municipal budgeting. GFOA Technical Services Director Stephen J. Gauthier states that, “Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America. Its attainment represents a significant achievement by your organization.”
The Government Finance Officers Association is a major professional association servicing the needs of approximately 18,700 appointed and elected local, state, and provincial-level government officials and other finance practitioners. The GFOA Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting. An award will be formally presented at the regular Board of Aldermen meeting on July 5, 2016.
To view a copy of the Parkville’s 2016 Budget Document visit http://parkvillemo.gov/financialdocuments/. For more information, please contact City Administrator Lauren Palmer at (816) 741-7676 or by e-mail.