COMMUNITY NEWS

City of Concord budget recognized for 14th consecutive year
Wednesday, February 10, 2016

CONCORD – The City of Concord was recently announced as one of the entities to receive the Government Finance Officers Association of the United States and Canada’s (GFOA) Distinguished Budget Presentation Award for budgets beginning in 2015. It is the fourteenth consecutive year that the City has earned the honor.

The GFOA’s program is the only national awards program in governmental budgeting.

"This award is the highest form of recognition in governmental budgeting and represents significant achievement by your organization," said GFOA’s Stephen Gauthier in a notification letter to City Manager Brian Hiatt.
  "It reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting."

To receive the award, the City had to satisfy nationally recognized guidelines for effective budget presentation. The 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.

Budget documents must be rated proficient in all four categories – and meet the 14 mandatory criteria within those categories – to receive the award.

"The budget document is the physical product of the work of many in our organization," said Hiatt. "In particular, I thank Budget and Performance Manager Robin Barham and Budget Analyst Lesley Reder for our continued leadership in governmental budgeting."

"The Finance team is honored to be recognized by the GFOA for 14 years in a row," said Pam Hinson, City of Concord Finance Director. "The budget document is truly a city-wide project. Everyone works together to ensure that we have not only a professional document but also one that functions through the year.
  Special recognition should go to Robin Barham and Lesley Reder, the City’s budget team. We look forward to another budget year and another opportunity to receive the outstanding budget presentation award."

Concord’s budget process for the fiscal year beginning July 1, 2016 is in the early stages, with the annual Planning Session for City Council to set goals and priorities for the coming year taking place this week. The City Manager’s recommendation is due in May and City Council adoption is expected in June.

Beyond the budget award, the City of Concord is generally known for financial excellence among its peer organizations, including 26 consecutive years of receiving the GFOA's Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program).

The formal acceptance of the award and recognition of staff is on the agenda for the February 11, 2016 City Council meeting. For more information about Concord’s budget, visit
concordnc.gov/budget.