For the 28th straight year, the City of Arvada has received the Government Finance Officers Association’s (GFOA) Distinguished Budget Presentation Award.
The award reflects the City’s strong commitment to meeting the highest principles of governmental budgeting. In order to receive the budget award, the City’s Finance team met nationally-recognized guidelines for an effective budget presentation. The guidelines are designed to assess how well the budget serves as a policy document, a financial plan, an operations guide and a communications device.
Approved by the Arvada City Council, the City budget supports one of Council’s strategic priorities: to provide the community with a well-managed, fiscally-responsible City government. “The City is honored to be recognized by GFOA,” said City Finance Director Bryan Archer. “Our City budget is the result of successful collaboration involving City Council and the City team that helps us effectively and efficiently sustain current service levels to the community and meet future needs.”
The City of Arvada utilizes long-range planning for in developing the budget. Specifically, the City prepares a two-year budget and a ten-year financial plan. This method of budgeting is used to determine if future impacts of the current proposed budget are fiscally sound. Using the ten-year models, the City is able to test the effects of current financial decisions on future years' financial conditions when approving funding requests throughout the organization. To learn more about the City’s budget, visit arvada.org/city-budget.
The City of Arvada Finance Department provides strategic partnerships, revenue and financial management, procurement and risk management services to City Council, City departments and the Arvada community so they can make informed decisions, achieve desired results and thrive in a financially stable city.
There are over 1,600 participants in the GFOA’s 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.
To learn more about the Government Finance Officers Association, visit gfoa.org.