Posted on February 1, 2018 at 2:36 pm by Meghan Revolinsky
By: Nick Pegueros
On Jan. 17, 2018, the Government Finance Officers Association (GFOA) announced that the City of Menlo Park has received the organization's Distinguished Budget Presentation Award for the fiscal year 2017-18 budget.
"The award represents a significant achievement by the [City]. It reflects a commitment of the [City Council] and staff to meeting the highest principles of governmental budgeting" the GFOA wrote in its press release.
In order to receive the budget 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: a policy document, a financial plan, an operations guide and a communications device.
Last year, 7 of the 20 cities in San Mateo County received the award.