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FOR IMMEDIATE RELEASE <br /> May 17,2020 <br /> For more information,contact: <br /> Technical Services Center <br /> Phone: (312)977-9700 <br /> Fax: (312)977-4806 <br /> E-mail:budgetawards@gfoa.org <br /> (Chicago, Illinois)--Government Finance Officers Association is pleased to announce that Indian <br /> River County, Florida, has received GFOA's Distinguished Budget Presentation Award for its <br /> budget. <br /> The .award represents a significant achievement by the entity. It reflects the commitment of the <br /> governing body and staff to meeting the highest principles of governmental budgeting. In order to <br /> receive the budget award, the entity had to satisfy nationally recognized guidelines for effective <br /> budget presentation. These guidelines are designed to assess how well an entity's budget serves as: <br /> ■ a policy document <br /> • a financial plan <br /> • an operations guide <br /> • a communications device <br /> Budget documents must be rated "proficient" in all four categories, and in the fourteen mandatory <br /> criteria within those categories,to receive the award. <br /> When, a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition <br /> for Budget Presentation is also presented to the individual(s) or department designated as being <br /> primarily responsible for having achieved the award. This has been presented to Office of <br /> Management and Budget. <br /> There are over 1,600 participants in the Budget Awards Program. The most recent Budget Award <br /> recipients, along with their corresponding budget documents, are posted quarterly on GFOA's <br /> website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an <br /> excellent example for other governments throughout North America. <br /> Government Finance Officers Association (GFOA) advances excellence in government finance by <br /> providing best practices, professional development, resources and practical research for more than <br /> 20,500 members and the communities they serve. <br /> 7 <br />