(Chicago, Illinois)—Government Finance Officers Association is pleased to announce that City of Memphis, Tennessee received GFOA’s Distinguished Budget Presentation Award for its budget.
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
▪ a communications device
Budget documents must be rated “proficient” in all four categories, and in the fourteen mandatory criteria
within those categories, to receive the award.
There are over 1,900 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.
Government Finance Officers Association (GFOA) advances excellence in government finance by providing best
practices, professional development, resources, and practical research for more than 25,000 members and the
communities they serve.