HOQUIAM, Wash. – The City of Hoquiam has received the Distinguished Budget Presentation Award for its budget. The Government Finance Officers Association of the United State and Canada (GFOA) made the announcement this week.
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
• 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.