Palm Coast - For the 14th consecutive year, the City of Palm Coast has received the Government Finance Officers Association's Distinguished Budget Presentation Award for its annual budget.
The award reflects the commitment of the Palm Coast City Council and Finance Department staff to meeting the highest principles of governmental budgeting. To receive the budget award, the City was required to 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
- a communications device
Budget documents must be rated "proficient" in all four categories, and the 14 mandatory criteria within those categories, to receive the award. The City received outstanding ratings in the areas of Understandability and Usability, Long-range Financial Planning, Unit Goals, Objectives and Performance Measures, Financial Structure, Policy and Process and overall as a communications device. As part of the award, a Certificate of Recognition for Budget Presentation was also presented to Palm Coast Budget Coordinator Lina Williams.
The budget book can be reviewed online at http://www.palmcoastgov.com/government/finance/budget.
The City budget is updated and adopted annually using a year-round process that starts with strategic action planning by the Palm Coast City Council, ties performance measures to budget priorities, and supports the City's adopted goals and overall vision. The budget addresses day-to-day operations, as well as long-term capital improvements and strategies.
"To prepare the City's annual budget, our Finance Department guides a strategic, year-long process that takes the goals and direction determined by the City Council and puts them into a plan that provides the highest level of service possible for the citizens of Palm Coast," said City Manager Jim Landon. "We work very hard on our budget process, and we're honored to be recognized by the Government Finance Officers Association again this year. I want to thank and congratulate Budget Coordinator Lina Williams, Finance Director Christopher Quinn and the rest of the Finance Department staff for their hard work and excellence."
Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America, GFOA officials said. For budgets beginning in 2016, over 1,600 agencies received the award.
The GFOA is a nonprofit professional association serving some 19,000 government finance professionals throughout North America. The association's Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.