FOR IMMEDIATE RELEASE
Newburyport Receives National Budgeting Award for Sixth Consecutive Year
November 15, 2017
NEWBURYPORT—Mayor Donna D. Holaday is pleased to announce that, for the sixth consecutive year, the City of Newburyport has received the Distinguished Budget Presentation Award from the Governmental Finance Officers Association (GFOA) for the City’s FY2018 budget.
The award represents a significant achievement for Newburyport, reflecting the City’s commitment to meeting the highest principles of governmental budgeting, according to the GFOA. In order to receive the budget award, the City had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well a municipality’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 fourteen mandatory criteria within those categories, to receive the award. According to the GFOA, “award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.”
There are over 1,600 participants in the Budget Awards Program throughout the United States and Canada. Locally, only 20 of the 351 cities and towns in Massachusetts have received the award in the past year.
The Government Finance Officers Association is a major professional association servicing the needs of nearly 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois, with offices in Washington D.C.