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Sherwood Receives Budget Award from GFOA
The City of Sherwood has received notification from the Government Finance Officers Association (GFOA) of the United States and Canada that the City has been awarded the GFOA Distinguished Budget Presentation Award for the current year's budget. The award represents a significant achievement for the City since it reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting.
In order to receive the award, the City had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity's budget serves as 1) a policy document, 2) a financial plan, 3) an operations guide, and 4) 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.
There are over 1600 participants in the Budget Awards Program. The most recent Budget Awards recipients, along with their corresponding budget documents are posted quarterly on GFOA’s website. This is the 17th consecutive year that the City of Sherwood has been recognized by GFOA.
The Government Finance Officers Association is a major professional association servicing the needs of more than 19,000 appointed and elected local, state and provincial-level government officials and other finance partners.
For more information about this recognition, please feel free to contact at Katie Henry, Finance Director at henryk@sherwoodoregon.gov or by phone at 503.625.4248.
