BEAUFORT, S.C. – The Government Finance Officers Association (GFOA) has recognized the City of Beaufort for the 7th consecutive year for excellence in its budget presentation.
GFOA awarded Beaufort the Distinguished Budget Presentation Award for the fiscal year 2024 budget, which includes its online budget book.
“We are excited yet unsurprised by this recognition,” said Beaufort City Manager Scott Marshall. “Our finance team consistently delivers outstanding performance and demonstrates exceptional responsibility with taxpayer funds.”
According to the GFOA, the award reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. To receive the budget award, the City of Beaufort 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 14 mandatory criteria within those categories, to receive the award.
The FY2024 budget presentation also received a Special Recognition for its section on Strategic Goals and Strategies. That indicated that all three reviewers gave the highest possible score to this category.
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.
The FY24 online book can be found at FY24 Adopted Online Budget Book (opengov.com).
About the GFOA: Government Finance Officers Association (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.