SPI Receives Distinguished Budget Award | South Padre Island

The Government Finance Officers Association of the United States and Canada (GFOA) announced that the City of South Padre Island has received the GFOA?s Distinguished Budget Presentation Award for its fiscal year 2011budget. This was the City of South Padre Island?s first attempt to acquire this recognition and only 30% of the first time submittals received the award.

The award represents a significant achievement by the entity. It reflects the commitment of the governing body 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 a communications device.

When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual or department designated as being primarily responsible for achieving the award. This has been presented to the South Padre Island?s Chief Financial Officer, Elizabeth A. Free.

For the fiscal year 2010 budget period, a total of 1,289 entities received the award. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.

?This award demonstrates the City of South Padre Island?s commitment to financial leadership and highlights the Finance Department?s dedication to best practices, said City Manager Joni Clarke.

The Government Finance Officers Association is a nonprofit professional association serving nearly 17,400 government finance professionals throughout North America. The GFOA?s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.

For additional information, please contact Chief Financial Officer Beth Free at (956) 761-3049 or at BFree@MySPI.org.

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