City of Lawrence earns Distinguished Budget Presentation Award

August 7, 2017

The Government Finance Officers Association (GFOA) announced the City of Lawrence received the GFOA’s Distinguished Budget Presentation Award for the 2016-2017 Fiscal Year Budget. Lawrence is one of only three Indiana municipalities to receive this national honor, Mayor Steve Collier announced at Monday’s Common Council Meeting. Less than two percent of all local governments in the country have earned this Distinguished Budget Award.

In order to earn the GFOA distinction, the City satisfied nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity’s budget serves as: a policy document, a financial plan, an operations guide, and a communications device.

 “This achievement belongs to Deputy Mayor/City Controller Jason Fenwick and his staff. The entire team spent countless hours working on the budget that earned this award on the City’s first attempt. The Controller’s Office presented a budget that better communicates information to our Lawrence citizens and elected officials. It directly reflects our commitment to increase accountability and transparency," said Mayor Collier.

Fenwick said, “It’s an honor to be recognized for our hard work. Without the support of our amazing staff this award would not be possible. Deputy Controller Jason Streeter and Media Specialist Jimmy Griffin were particularly invaluable teammates in this endeavor.  I would also like to send a special thank you to each and every department head that helped along the way, this is truly a team effort.”

 

The GFOA is a nonprofit professional association serving nearly 19,000 government finance professionals throughout North America. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.

In other positive financial news for the city, Fenwick said Standard and Poor’s (S&P), an independent credit rating agency, has upgraded the City’s long-term bond rating to A+. S&P cited the City’s strong budget and liquidity as factors in the upgrade. Mayor Collier said this improved rating will save the city thousands of dollars in the future, as the rating is a factor in bond rates for financing city projects.

 

 

 

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