The Village of Downers Grove recently received the Government Finance Officers Association (GFOA) Distinguished Budget Presentation award for its 2015 municipal budget document.
The award marks the sixth year village Finance Director Judy Buttny and staff have been honored. The award reflects the commitment to meeting the highest principles of governmental budgeting.
The guidelines are designed to assess how well an entity's budget serves as a policy document, a financial plan, an operations guide and communications device. The village's budget was rated proficient in all four of the categories.
The GFOA is a nonprofit professional organization with nearly 18,000 members throughout North America. The award program, the only national awards program in governmental budgeting, encourages and assists state and local governments to prepare budget documents of the very highest quality that reflect both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA's recommended practices on budgeting.
Reports are evaluated and reviewed by members of GFOA staff and by outside reviewers with experience in public sector budgeting.
Budget documents must be rated proficient in 14 mandatory criteria to receive the award.
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