Title
Receive a report from the County Administrative Office, Budget & Analysis Division regarding the award of the Distinguished Budget Presentation for the current fiscal period.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors receive a report from the County Administrative Office, Budget & Analysis Division regarding the award of the Distinguished Budget Presentation for the current fiscal period.
SUMMARY:
The Government Finance Officers Association of the United States and Canada (GFOA) presented a "Distinguished Budget Presentation Award" to the County of Monterey for its annual budget for the fiscal year beginning July 1, 2014. In order to receive this award, a governmental unit must submit a budget document that meets specific criteria, grouped into four basic categories: a policy document, a financial plan, an operations guide and a communications device.
The GFOA established the Distinguished Budget Presentation Awards Program to 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. Documents submitted are reviewed by selected members of the GFOA professional staff and by outside reviewers with experience in public-sector budgeting.
DISCUSSION:
Budget documents are reviewed by three reviewers who rate the information contained in the budget document as either not present, not satisfying criterion, proficient or outstanding. To receive the award, a budget document must be rated "proficient" by at least two of the three reviewers for all four categories, and fourteen mandatory criteria within those categories. The County received "outstanding" ratings as a policy document. In addition, reviewers also provided suggestions for improving the budget document to satisfy criterion within the categories of a financial plan and operations...
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