The town of Woodstock recently received the Government Finance Officers Association’s Distinguished Budget Presentation Award for its fiscal year 2021 budget.
It’s the sixth year the town has earned that designation, according to Town Manager Angela Clem, who stated in an email that this year’s award feels “even more significant” given the challenges created by the COVID-19 pandemic. Woodstock, like other localities, had to develop an alternate fiscal year 2021 budget last spring after taking into account the financial impacts of the pandemic.
The GFOA’s Distinguished Budget Presentation Award represents a “significant achievement” by the entity receiving it, according to a news release from the international organization last month. The release adds that the award “reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting.”
To receive the award, Woodstock had to meet guidelines for effective budget presentation, which assess how well the town’s budget serves as a policy document, a financial plan, an operations guide and a communications device, the news release states. Budget documents must earn a “proficient” rating in all four of those categories, and in the 14 mandatory criteria within those categories, to receive the award.
Amy Dill, Woodstock’s director of finance, was awarded a related Certificate of Recognition for Budget Presentation from the GFOA as the individual primarily responsible for the town receiving its award.
According to the news release, there are more than 1,600 participants in the GFOA’s Budget Awards Program.