ITEM TITLE:
Discussion Item: Government Finance Officers Association (GFOA) Distinguished Budget Award
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: n/a
Unencumbered Balance: n/a
Funding Source: n/a
RECOMMENDATION:
Receive and file
SUMMARY STATEMENT:
• This agenda item begins a series of discussions for Council consideration during regular agendas. The purpose is to engage Council on a variety of Financial Planning topics in an incremental manner over time, and in preparation of items for formal approval (such as fund balance policies, Permanent Fund use and planning, biennial budgeting, ongoing reporting, etc.)
• The first topic is a review of the GFOA Distinguished Budget Award, which the City received for its 2020 budget.
• The attached document includes a “checklist” of award criteria, which is a useful guide to the City’s strengths and weaknesses. It also contains reviewer comments which staff believes are helpful to our efforts toward continuous improvement.
• Pursuit of this award was one of the objectives of establishing the Budget and Financial Analyst position in 2017. Management recognizes the outstanding efforts of Jordan Nelson in this achievement, and in all of the related technical and procedural improvements to the City’s budgeting and planning processes.