Geneva wins Distinguished Budget Presentation Award
Jan 06, 2017 10:49AM
By Neighbors Magazines
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The City of Geneva's budget practices continue to earn national recognition after Geneva received
the Distinguished Budget Presentation Award for the seventh consecutive year.
The Government Finance Officers Association of the United States and Canada honor reflects the commitment of the City “to meeting the highest principles of governmental budgeting,” according to the association. Geneva’s 2016-17 budget runs from May 1, 2016 to April 30, 2017.
In order to receive the award, Geneva 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 and a communications device. Budget documents must be rated “proficient” in all four categories, as well as the 14 mandatory criteria within those categories, to receive the award.
Award recipients have “pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America,” according to the association. The Government Finance Officers Association is a non-profit organization serving nearly 19,000 government finance professionals.
Both past and present budgets can be found on the City’s website at www.geneva.il.us.