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HomeMy WebLinkAboutItem 3.4 - 1355 Budget Awards Staff Report Page 1 of 2 STAFF REPORT CITY COUNCIL DATE: March 21, 2017 TO: Honorable Mayor and City Councilmembers FROM: Christopher L. Foss, City Manager SUBJECT: Acceptance of the GFOA Distinguished Budget Presentation and the CSMFO Operating Budget Excellence Awards Prepared by: Colleen Tribby, Administrative Services Director EXECUTIVE SUMMARY: The City of Dublin has received two awards, the Distinguished Budget Presentation Award and the Operating Budget Excellence Award, conferred by the Government Finance Officers Association and the California Society of Municipal Finance Officers respectively, for its FY 2016-17 and FY 2017-18 Adopted Budget. STAFF RECOMMENDATION: Receive the report and accept the awards. FINANCIAL IMPACT: None. DESCRIPTION: The Government Finance Officers Association (GFOA) is a professional association of finance officers in the government industry since 1906. 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 best practices on budgeting, and then to recognize individual governments that succeed in achieving that goal. The California Society of Municipal Finance Officers (CSMFO) is a statewide organization serving all California municipal finance professionals, promoting excellence in financial management through innovation, continuing education and the professional development of its members. Page 2 of 2 The City was recently notified that it has been awarded the Distinguished Budget Presentation Award by the GFOA and the Operating Budget Excellence Award by the CSMFO. This is the second time that Dublin has received these awards, recognizing the City's ongoing efforts in quality financial reporting and transparency. NOTICING REQUIREMENTS/PUBLIC OUTREACH: None. ATTACHMENTS: 1. GFOA Budget Award 2. CSMFO Operating Budget Excellence Award California Society of Municipal Finance Officers Certificate of Award Operating Budget Excellence Award Fiscal Year 2016-2017 Presented to the City of Dublin For meeting the criteria established to achieve the Operating Budget Excellence Award. January 31, 2017 John Adams Craig Boyer, Chair CSMFO President Professional Standards and Recognition Committee Dedicated Excellence in Municipal Financial Reporting