The Government Finance Officers Association (GFOA) of the United States and Canada has presented the GFOA's Distinguished Budget Presentation Award to the Township of King for the presentation of its 2023 budget. The Township also received this award in 2022.
According the GFOA, the award reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. To receive the budget award, King had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well the 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 14 mandatory criteria within those categories, to receive the award.
As part of receiving the Distinguished Budget Presentation Award, King’s Finance Department also received a Certificate of Recognition for Budget Presentation.
About the GFOA
The Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources and practical research for more than 21,000 members and the communities it serves.
GFOA Budget Awards Program
The GFOA established the Distinguished Budget Presentation Awards Program (Budget 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.
Qualifying governments—including states, cities, counties, special districts, school districts, and more—have been recognized for transparency in budgeting. To earn recognition, budget documents must meet program criteria and excel as a policy document, financial plan, operations guide, and communication tool.
The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA's website at gfoa.org. According to the GFOA, award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.
Links
Quotes
Daniel Kostopoulos
CAO, Township of King
“It is my pleasure to recognize the excellent work of King’s Finance team, and all departments, in fiscal reporting that reflects how the Township is efficiently and effectively using our resources.
King is exceedingly proud to receive the 2023 award from the Government Financial Officers Association. Receiving the GFOA Award in 2022, and again in 2023, confirms that the Township consistently meets and exceeds the important criteria needed to present King’s budget to our residents in a way that is open and understandable.”
Mayor Steve Pellegrini
“Through a statistically valid citizen survey, more than 90 per cent of residents told us that they view King as offering a strong quality of life. This budget presentation award from the Government Finance Officers Association reflects the high-quality work involved in creating and delivering a budget document that clearly identifies how taxpayers’ dollars are being invested in our community, contributing to the quality of life we enjoy in King.
On behalf of my colleagues on Council, I am pleased to share with the people of King that the Township’s budget reporting continues to meet and exceed the standards set for municipalities across North America.”
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Media Contact
Donna L. Kell, APR, Manager of Communications and Public Engagement
Township of King | Phone: 416-420-7492 | Email: dkell@king.ca