Tuesday, September 21, 2010

Budget Award

Last week at City Council meeting we recognized both our outstanding employee of the month and the quarterly division of the month. It just so happens that both of them came from the finance department. This week the finance department was back to receive another award, this time from outside of the City, as the Government Finance Officers Association presented the City with the Distinguished Budget Award. Also this week the West Valley City Audit Review committee, which I am a member of, met to discuss the progress of the annual City audit.

What this means to the average resident of our community is that West Valley City continues to maintain the highest standards of budget and financial work. The work that comes out of this department is crucial for policy making decisions by the City Council and the quality of the work needs to precise. It is relieving to have capable professionals and effective controls at ever corner of the budgeting process. Taxpayer funds are sacred and it is important that we continue to work to use these funds in an efficient and effective way.


Below is the WVC press release regarding the award:


West Valley City Receives 19th Consecutive Budget Award

West Valley City – For the 19th consecutive year West Valley City has been awarded the Distinguished Budget Award from the Government Finance Officers Association (GFOA) for fiscal year 2009-2010. This award is presented to governmental entities that demonstrate the highest principals of proficiency and excellence in budget preparation and presentment. In order to receive this honor the entity must satisfy nationally recognized standards of effective budget presentation. The award will be presented to the City during the regularly scheduled City Council meeting on Tuesday, September 21, at 6:30 p.m.
“The budget staff and finance department work very hard to ensure that the highest principals of accuracy and disclosure are maintained,” Jim Welch, finance director for West Valley City, stated. “We are pleased to be recognized for this significant achievement.”
West Valley City is one of only 21 government entities in Utah to receive the Distinguished Budget Award from the GFOA, and one of only 14 municipalities. According the GFOA website (www.gfoa.org), the award is to meant to encourage government entities to prepare high-quality budget documents which increases accountability and can lead to better decision making and transparency.
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