Tuesday, July 22, 2008

City of Newnan Receives Fiscal Budget Award

GFP Note: This is the 18th consecutive year the city has won the award.

The Government Finance Officers Association of the United States and Canada (GFOA) is pleased to announce that City of Newnan, Georgia has received the GFOA's Distinguished Budget Presentation Award for its 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 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 to receive the award.

When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual or department designated as being primarily responsible for its having achieved the award. This has been presented to City Manager’s Office; Finance Department; Meg Blublaugh; Katrina Kline; Clifton Foster; Cleatus Phillips; Gina Snider and Libby Winn.

For budgets including fiscal periods 2006, 1,127 entities received the Award. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.

The Government Finance Officers Association is a nonprofit professional association serving 17,500 government finance professionals throughout North America. The GFOA's Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.

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