The Government Finance Officers Association (GFOA) announced that Las Virgenes Municipal Water District (LVMWD), has received GFOA’s Distinguished Budget Presentation Award for its budget for the 20th year in a row.
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, and a communications device.
“For the 20th straight year, LVMWD has received GFOA’s Distinguished Budget Award. Receipt of the award reflects the hard work of Finance staff in ensuring the completion of a comprehensive budget document that meets our industry’s best practices,” said Don Patterson, Director of Finance and Administration. “It is also reflective of LVMWD’s long-standing dedication to transparency. In addition to the budget book, we have released a Budget in Brief that provides a high-level overview of how LVMWD manages the resources entrusted to us from our customers.”
Budget documents must be rated “proficient” in all four categories, and in the fourteen mandatory criteria within those categories, to receive the award. When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual(s) or department designated as being primarily responsible for having achieved the award. This has been presented to LVMWD’s finance department.
There are over 1,700 participants in the Budget Awards Program. The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA’s website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.