Wake Forest wins finance award

Wake Forest earns seventh consecutive Distinguished Budget Presentation Award

The Government Finance Officers Association of the United States and Canada (GFOA) recently named the Town of Wake Forest as the recipient of the GFOA’s Distinguished Budget Presentation Award for its fiscal year 2020-21 annual budget. This marks the seventh consecutive year Wake Forest has earned the GFOA honor.

The award represents a significant achievement by the Town and reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. To receive the budget award, Wake Forest was required 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, financial plan, operations guide and communications device.

Budget documents must be rated “proficient” in all four categories and the 14 mandatory criteria within those categories to receive the award.

When a Distinguished Budget Presentation Award is granted, a Certificate of Recognition for Budget Presentation is also presented to the individual or department designated as being primarily responsible for its having achieved the award. This has been presented to the Town of Wake Forest Finance Department. By earning the award, the Finance Department satisfies one of the objectives outlined in Goal 4 of the Town’s strategic plan: Enhance Fiscal Strength.

For budgets beginning in 2020, over 1,600 participants received the award. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.

(Visited 41 times, 1 visits today)
Latest Posts

WFFD to host 9/11 20th anniversary remembrance ceremony

From WSJ Staff Reports The Wake Forest Fire Department is partnering with The Freedom Flag Foundation to host a 9/11 20th Anniversary Remembrance Ceremony on Saturday, Sept. 11, at 8:30 a.m. The occasion will take place at Fire Station #1, 420 Elm Ave. Open to the public, the ceremony will include the raising of the Freedom Flag, a display of steel […]

0 comments

Post 187 sponsors Sea Scout ship

From WSJ Staff Reports The Wake Forest American Legion Post 187 Executive Committee approved the Post sponsoring a “Sea Scout” Ship.  Sea Scouts is a program of the Boy Scouts of America for young men and women ages 14 (or 13 and are in the eighth grade) through 20. Along with Cub Scouting, Scouts BSA, and Venturing, Sea Scouts provides a […]

0 comments

Scout Troop takes sponsor’s number

From WSJ Staff Reports Scout Troop 517 has officially become Troop 187, taking the number of its longtime sponsor Wake Forest American Legion Post 187. (Visited 35 times, 1 visits today) 40 SHARES Share on Facebook Tweet Follow us Share via: 0 Shares Facebook Twitter Email Copy Link Print More

0 comments

Aug. 25: Traffic Alert – South Brooks Street

Raleigh Water will close the portion of South Brooks Street from Wait Avenue to East Roosevelt Avenue Wednesday, Aug. 25, from 7 a.m.-3 p.m. The closure is necessary to allow crews to install a water valve. Water and sewer service in the area will not be affected. A detour will be in place directing motorists around the […]

0 comments

Wake Forest Power customers electric rate to increase

From WSJ Staff Reports Wake Forest Power residential customers will see a slight increase in their electric rates when a new rate schedule takes effect September 1. It is Wake Forest Power’s first rate adjustment since a rate decrease in September 2016. Projected to cost the average customer approximately $5 a month, this year’s four percent rate […]

0 comments

Leave a Reply

Your email address will not be published.