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City of Fayetteville earns Distinguished Budget Presentation Award

By Staff Report, posted Jun 12, 2024 on BizFayetteville.com

The City of Fayetteville has been awarded the Distinguished Budget Presentation Award by the Government Finance Officers Association of the United States and Canada (GFOA). The City won for its annual budget document for Fiscal Year 2024, which began in July 2023.

This award is the highest form of recognition in governmental budgeting and represents a significant achievement by the City of Fayetteville and reflecting the City’s commitment to meeting the highest principles of governmental budgeting.  

To receive the award, the City had to satisfy nationally recognized guidelines for effective budget presentation, which serve as a policy document, a financial plan, an operations guide, and a communications device. The City’s budget document was rated "proficient" in all four categories and in the fourteen mandatory criteria within those categories.

In addition to receiving the award, the City of Fayetteville’s budget received special recognition for its excellence in presenting strategic goals and strategies, achieving the highest  possible scores in this category from all reviewers.

“I’m honored we were recognized for this special honor,” said Kimberly Leonard, Budget and Evaluation Director for the City of Fayetteville in a press release. “A lot of people in our Budget Office and Strategic and Performance Analytics Department worked together to make this happen and everybody’s efforts deserve acknowledgement,” Leonard added.
The GFOA advances excellence in government finance by providing best practices, professional development, resources, and practical research for over 22,500 members and the communities they serve. These include accounting, auditing, budgeting, capital planning, debt management, financial reporting, pension and benefit administration, and treasury and investment management.
The City of Fayetteville is honored to be recognized among the leading municipalities demonstrating excellence in budgeting. To learn more about the GFOA, please visit their website at https://www.gfoa.org/.
 

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