The Town of Leland has received two awards from the Government Finance Officers Association (GFOA): the Distinguished Budget Presentation Award for the Fiscal Year 2023-2024 Budget and the Certificate of Achievement for Excellence in Financial Reporting for the Annual Comprehensive Financial Report for fiscal year 2021-2022.
This is the second year in a row the Town has received the Distinguished Budget Presentation Award. According to the GFOA, this award represents a significant achievement and reflects the commitment of Town Council and staff to meeting the highest principles of governmental budgeting. In order to receive the budget award, the Town 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, and 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 Distinguished Budget Presentation Awards Program (Budget Awards Program) was established in 1984. According to the GFOA, it was created to encourage and assist state and local governments to prepare budget documents of the very highest quality that reflect both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA's best practices on budgeting, and to recognize individual governments that succeed in achieving that goal.
There are more than 1,700 participants in the Budget Awards Program. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.
This is the first time the Town has received the Certificate of Achievement for Excellence in Financial Reporting. The report was judged by a panel to meet the high standards of the program, which include demonstrating a constructive spirit of full disclosure to clearly communicate its financial story and motivate potential users to read the report. According to the GFOA, the Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.