The City of Temecula announced that for the 11th consecutive year, it was recently recognized with a Distinguished Budget Presentation Award.
The honor, touted in a news release as the “highest form of recognition in governmental budgeting” from the Government Finance Officers Association of the United States and Canada, was for how its Fiscal Year 2013-2014 budget was presented.
GFOA, the Chicago-based nonprofit professional organization that administers the award program, requires governmental agencies to satisfy a stringent set of nationally-recognized guidelines for effective budget presentation.
The guidelines assess how well the City of Temecula budget serves as a policy document, a financial plan, an operations guide, and a communications device.
“The award is really about creating the budget so that it is readable for the general public, so that they can understand it as a planning document and communications document," said Heidi Schraeder, budget analyst for the City of Temecula.
Budget documents must be rated "proficient" in all four categories, as well as meeting 14 mandatory criteria within those categories, to receive the award.
“The City of Temecula continues to be recognized for its fiscal-minded decisions and budgeting,” stated Councilman Mike Naggar, who served as mayor during 2013. “This award is yet another tribute to the City’s strategic planning. It demonstrates our core value of being an accountable government.”
Dated Dec. 23, 2013, the award will be placed in a cabinet in the Finance Department where several other finance and budget awards dating back to earlier years of cityhood are also displayed.
Click here to view City of Temecula financial documents as posted on the city website.