City wins Government Finance Officers Association Awards
The City has received two awards from the Government Finance Officers Association (GFOA). The Finance Department received the Certificate of Achievement for Excellence in Financial Reporting, and the City of Lincoln received the Distinguished Budget Presentation Award.
The awards are the highest form of recognition in the area of governmental accounting, financial reporting, and budgeting, and their attainment represents a significant accomplishment by a government and its management.
The Finance Department was recognized for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended August 31, 2021. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the report.
The GFOA has awarded the City of Lincoln’s ACFR its Certificate of Achievement for Excellence in Financial Reporting for 39 years.
The budget award is for the first year of Lincoln’s Biennial Budget beginning September 1, 2022. This is the fifth time Lincoln has received the award.
According to GFOA, Lincoln had to satisfy nationally recognized guidelines for effective budget presentation to qualify for the award. These guidelines are based on how well a city’s budget serves as a policy document, financial plan, operations guide and 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 GFOA is a professional association serving the needs of more than 19,000 appointed and elected local, state and provincial-level government officials, and other finance practitioners.