City's Budget Receives Award Continuing 25-year Legacy
Post Date:07/03/2019 11:46 AM
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At the July 2 City Council Meeting, Mayor Newton recognized the City of Colleyville for receiving the Distinguished Budget Presentation Award from the Government Finance Officers Association of the United States and Canada (GFOA).
Colleyville received this award again for the Fiscal Year 2018 budget. This marks the twenty-fifth year we have been recognized with this honor.
The award represents a significant achievement by the City. It reflects the commitment of the City of Colleyville leadership and staff to meeting the highest principles of governmental budgeting. In order to receive the budget award, the entity had 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, financial plan, operations guide, and communications device. Budget documents must be rated “proficient” in all four categories and in the fourteen mandatory criteria within those categories, to receive the award.