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The original item was published from 10/11/2019 9:07:33 AM to 10/31/2019 4:35:03 PM.

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Posted on: October 11, 2019

[ARCHIVED] Loveland Receives GFOA Distinguished Budget Presentation Award

BudgetAward

For the sixth consecutive year, the City of Loveland has received the Government Finance Officers Association of the United States and Canada (GFOA) Distinguished Budget Presentation Award.

The award represents a significant achievement and reflects Loveland’s commitment to the highest principles of governmental budgeting.  In order to receive the budget award, an entity must 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, and a communications device.  Budget documents must be rated “proficient” in all four categories, and the fourteen mandatory criteria within those categories, to receive the award.

There are over 1,600 participants in the Budget Awards Program and less than twenty (20) municipalities in Ohio who earn the award.  Mayor Bailey said, “we are very proud to receive this award! Director of Finance Michelle Byrde and her staff have done an outstanding job, and all members of City Council are appreciative of their efforts. This award validates what we already knew - the residents of Loveland can rest assured that the finances of the City of Loveland are in good hands.”

The GFOA is a nonprofit professional association servicing the needs of approximately 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners.  The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.  The City’s budget is available to download at http://www.lovelandoh.gov/budget.

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