Friday, May 17, 2019

Richmond Receives Award from Government Finance Officers Association


The City of Richmond has received the Distinguished Budget Presentation Award for its budget from the Government Finance Officers Association (GFOA). 

“This is another mark of achievement in our efforts to maintain the highest levels of fiscal responsibility in Richmond,” said Mayor Stoney. “I congratulate our Department of Budget & Strategic Planning for this significant achievement.” The award represents a significant achievement by the city’s Department of Budget & Strategic Planning. Richmond had to satisfy nationally recognized guidelines for effective budget presentation to receive this award. These guidelines are designed to assess how well the city’s budget serves as a policy document, financial plan, operations guide and communications device. Budget documents must be rated "proficient" in all four categories, and in fourteen mandatory criteria within those categories.

“I am very proud of our budget staff,” said Richmond Budget Director Jay Brown. “This recognition affirms the commitment we have to best practices.”

The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA's website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.

Questions concerning this GFOA award can be directed to Michael Nixon-Garrison at (804) 646-7922 or by email: michael.nixon-garrison@richmondgov.com