Once again the Kenai Peninsula Borough has been awarded “Distinguished Budget Presentation Award” for its budget. This is the 21st year that the Government Finance Officers Association of the United States and Canada, or GFOA, has given the award to the borough, which annually demonstrates the significant achievement and reflects the commitment to meeting the highest principles of governmental budgeting.
Craig Chapman, the borough’s finance director, accepted the award on behalf of his department’s achievements.
The borough was one of 1,424 entities that received the award.
“This significant award reminds us that Mr. Chapman and the finance department staff work diligently and professionally to assure the highest standard of financial stewardship at the Kenai Peninsula Borough. The Finance Department sets the standard that all Borough staff strive to practice as stewards of local public funds,” said Borough Mayor Mike Navarre.
In order to receive the budget award, the borough had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well the borough’s budget serves as a policy document, a financial plan, an operations guide and a communications device. Budget documents must be rated “proficient” in all four categories, and the 14 mandatory criteria within those categories, to receive the award.
The GFOA is a nonprofit professional association serving more than 18,000 government finance professionals throughout North America. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.