Government Finance Officers Association (GFOA)
"Distinguished Budget Presentation Award"
The Government Finance Officers Association (GFOA) has again announced that the City of Olathe has received a Distinguished Budget Presentation Award for the FY 2008 budget document. This marks the fourth year in a row that Olathe has received this award.
The GFOA established the Distinguished Budget Presentation Awards Program in 1984 to encourage and assist state and local governments to prepare budget documents of the very highest quality that reflect both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA's recommended practices on budgeting and then to recognize individual governments that succeed in achieving that goal.
In the award press release, GFOA said, "The award represents a significant achievement by the entity. It reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. In order to receive the budget award, the entity had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity's budget serves as:
Budget documents must be rated 'proficient' in all four categories to receive the award."