Township Receives ‘Distinguished Budget Presentation Award’
The Government Finance Officers Association (GFOA) has announced that the Township of Lower Merion has received its Distinguished Budget Presentation Award for the Township’s 2017 Budget document. Nationally, this award is the highest form of recognition in governmental budgeting and marks the 28th straight year that Lower Merion has been honored with it.
With 28, Lower Merion has received this award more often than any other municipality or county in the Commonwealth of Pennsylvania. For the year, Lower Merion is one of only 14 jurisdictions in Pennsylvania to receive the GFOA honor.
“This recognition of excellence has become a standard for our Finance Department staff, and for all Township staff who help prepare the budget report on our finances,” said Township Manager Ernie McNeely. “Like we often say, this is not the kind of thing we’d ever take for granted. Our residents deserve the kind of hard work that keeps this kind of recognition an annual expectation.”
Tens of thousands of municipalities, counties, school districts, colleges and other entities—in both the United States and Canada—are eligible to seek the GFOA Budget Presentation Award. Historically, less than 5 percent of the more than 35,900 types of municipalities in the United States receive it.
According to the GFOA, this achievement reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting. To receive the award, Lower Merion Township 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 to receive the award.
A certificate of Recognition for Budget Presentation has been presented to Chief Financial Officer Eric Traub and Assistant Finance Director Eileen Bradley.
The GFOA is a nonprofit professional association serving 14,000 government finance professionals throughout North America. Its Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.
In addition to the Budget Presentation prize, the GFOA Certificate of Achievement for Excellence in Financial Reporting was also awarded to the Township earlier this year – the 23rd consecutive such honor.