Town of Frederick News

Posted on: September 5, 2017

Town of Frederick Earns GFOA Budget Award

GFOA Budget Award

The Government Finance Officers Association (GFOA) announced today that the Town of Frederick has received GFOA’s Distinguished Budget Presentation Award for its 2017 budget.

According to the GFOA’s press release announcing the award, “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. Award recipients have pioneered efforts to improve the quality of budgeting. They provide an excellent example for other governments throughout North America.”

In order to receive the budget award, Frederick 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

Budget documents must be rated “proficient” in all four categories and fourteen mandatory criteria within those categories, to receive the award. There are over 1,600 participants in the Budget Awards Program. The most recent Budget Award winners, along with their budget documents, are posted on GFOA’s website, www.gfoa.org. You can also find The Town of Frederick’s 2017 Budget documents at www.frederickco.gov/budget.

 The GFOA is a major professional association of more than 19,000 appointed and elected local and state government officials and finance practitioners. It provides top quality publications, training programs, and products to enhance the skills of those responsible for government finance policy and management.

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