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The Town of Vermilion can add transparency in budgeting to its list of name recognition.
The town is a recipient of a Distinguished Budget Presentation Award for its 2023 budget by the Government Finance Officers Association (GFOA).
“The award represents a significant achievement by the entity,” said the GFOA in a news release.
“It reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting.”
The GFOA, based in Chicago, represents public finance officials throughout the United States and Canada.
This is Vermilion’s first GFOA budget award since it was introduced in 1984.
To earn recognition, budget documents must meet program criteria and excel as a policy document, financial plan, operations guide, and communication tool.
A Certificate of Recognition for Budget Presentation also goes to the Finance Department designated as being primarily responsible for having achieved the award.
There are over 1,700 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.
The GFOA advances excellence in government finance by providing best practices, professional development, resources and practical research for more than 22,500 members and the communities they serve.
Vermilion’s budget went into affect Jan. 1.
