A Thursday press release from the Government Finance Officers Association announced the city of Fort Smith Finance Department has been awarded an award for their 2017 budget plan:
“Government Finance Officers Association is pleased to announce that City of Fort Smith, Arkansas, has received GFOA’s Distinguished Budget Presentation Award for its Fiscal Year 2017 budget.
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 and 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 in the fourteen mandatory criteria within those categories, to receive the award.
When a Distinguished Budget Presentation Award ins granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual(s) or department designated as being primarily responsible for having achieved this award,. This has been presented to City of Fort Smith Finance Department.
There are 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 GFOA’s website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.”