Item Coversheet


City Council Agenda Request
September 19, 2023


AGENDA REQUEST NO: 

AGENDA OF: City Council Meeting

INITIATED BY: Justyn Mejorado, Interim Director of Budget

PRESENTED BY:

Justyn Mejorado, Interim Director of Budget & Strategy

 


RESPONSIBLE DEPARTMENT: Budget

AGENDA CAPTION:

GOVERNMENT FINANCE OFFICERS ASSOCIATION

FISCAL YEAR 2023 DISTINGUISHED BUDGET PRESENTATION AWARD

RECOMMENDED ACTION:
Recognition of receipt from the Government Finance Officers Association for Distinguished Budget Presentation Award for the FY2023 Annual Budget.
EXECUTIVE SUMMARY:

The City of Sugar Land strives for an open and transparent budget process, with a goal of education along with public participation in the process. The end result each year is a budget document called the Annual Budget and Program of Services. The budget document can be found on the City's website once it is filed by the City Manager, along with information relating to the City Council budget workshops and property tax process. The City of Sugar Land has been recognized for excellence in financial stewardship and transparency with receipt of the Distinguished Budget Presentation Award for the Fiscal Year 2023 Annual Budget from the Government Finance Officers Association. This is the only national awards program in governmental budgeting.

 

The award represents a significant achievement by the City, representing the commitment of the City Council and staff to meeting the highest principles of governmental budgeting. The award applies to the fiscal year 2022-2023 budget for the period October 1, 2022 through September 30, 2023.

 

The City has 90 days after the budget is approved to submit the budget document to GFOA for consideration for this program. In order to receive this award, the budget has to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well the City’s budget serves as:

 

  • A policy document,
  • A financial plan,
  • An operations guide, and
  • A communication device.

 

The budget must be rated by independent evaluators as “proficient” in all four categories along with meeting or exceeding fourteen mandatory criteria to receive the award. The fiscal year 2022-2023 budget is the 27th consecutive year for the City of Sugar Land to receive this award.

BUDGET

EXPENDITURE REQUIRED:  

CURRENT BUDGET:

ADDITIONAL FUNDING:

FUNDING SOURCE: