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Posted on: June 21, 2017

Portland recognized for achievement in financial reporting

Portland, Texas…The Government Finance Officers Association (GFOA) has recognized the City of Portland with the Distinguished Budget Presentation Award. Presented annually, the award is the highest form of recognition in governmental budgeting. This is the thirteenth consecutive GFOA Distinguished Budget Presentation Award the city has earned.

The award represents a significant achievement in that it reflects “the commitment of the governing body and staff to meet the highest principles of governmental budgeting.” To achieve the award, the city had to satisfy nationally recognized guidelines for effective budget presentation, ensuring that Portland’s budget serves as a policy document, financial plan, operations guide, and a communication device from the city to its citizens. Budget documents must have been rated proficient in all four categories, and in the 14 mandatory criteria within those categories, to receive the award.

The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals throughout the United States and Canada. The GFOA’s Distinguished Budget Presentation awards program is the only national program in governmental budgeting.

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