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LTC 310-2018 Government Finance Officers Association (GFOA) DistMIAMI BEACH OFFICE OF THE CITY MANAGER LTC# 310-2018 LETTER TO COMMISSION TO: Mayor Dan Gelber and Members o the City Co mission FROM: Jimmy L. Morales, City Manager DATE: June 1, 2018 SUBJECT: Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award for Fiscal Year (FY) 2018 The Government Finance Officers Association (GFOA) has announced that the City of Miami Beach has received the GFOA's Distinguished Budget Presentation Award for its FY 2018 Adopted Budget. This represents the sixteenth consecutive year that the City has received this prestigious award. In addition to receiving the Distinguished Budget Presentation Award for FY 2018, the City also received a special recognition for "Special Performance Measures." This award is the highest form of recognition in governmental budgeting and represents a significant achievement by the City. It reflects the City's continuous commitment to meet the highest principles of governmental budget budgeting. To the receive this award, the City had to achieve a proficient rating in each of the four categories assessed to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well the City's budget document serves as a: • Policy document • Financial plan • Operational guide • Communication Device The GFOA's Distinguished Budget Presentation Award Program recipients have established standards, since its inception, to improve the quality of governmental budgeting for other governmental entities throughout North America. Founded in 1906, the GFOA is a non-profit professional association representing a total of more than 19,300 federal, state/provincial, and local finance officials responsible for planning and financing operations in their jurisdictions. The GFOA's Distinguished Budget Presentation Award is the only national awards program in governmental budgeting. Please join me in recognizing staff from the Office of Budget and Performance Improvement for all their work throughout the year. JLM/JefOS Attachments G-3 Government Finance Officers Association 203 North LaSalle Street, Suite 2700 Chicago, Illinois 60601-1210 312.977.9700 fax: 312.977.4806 FOR IMMEDIATE RELEASE May 4, 2018 For more information, contact: Technical Services Center Phone: (312) 977-9700 Fax: (312) 977-4806 E-mail: budgetawards@gfoa.org (Chicago, Illinois) --Government Finance Officers Association is pleased to announce that City of Miami Beach, Florida, has received GFOA's Distinguished Budget Presentation Award for its budget. The award represents a significant achievement by the entity. It reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. In order to receive the budget award, the entity 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 • a communications device Budget documents must be rated "proficient" in all four categories, and in the fourteen mandatory criteria within those categories, to receive the award. When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual(s) or department designated as being primarily responsible for having achieved the award. This has been presented to Office of Budget and Performance Improvemtn (OBPI). There are over 1,600 participants in the Budget Awards Program. The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA's website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America. Government Finance Officers Association is a major professional association servicing the needs of more than 19,000 appointed and elected local, state, and provincial -level government officials and other finance practitioners. It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois, with offices in Washington D.C. Washington, DC Office Federal Liaison Center, 660 North Capitol Street, NW, Suite 410 • Washington, DC 20001 • 202.393.8020 fax: 202.393.0780 www.gfoa.org i Government Finance Officers Association 203 North LaSalle Street, Suite 2700 Chicago, Illinois 60601-1210 312.977.9700 fax: 312.977.4806 May 4, 2018 Tameka Otto Stewart Budget Director City of Miami Beach 1700 Convention Center Drive Miami Beach, FL 33139 Dear Ms. Otto Stewart: We are pleased to inform you, based on the examination of your budget document by a panel of independent reviewers, that your budget document has been awarded the Distinguished Budget Presentation Award from Government Finance Officers Association (GFOA) for the current fiscal period. This award is the highest form of recognition in governmental budgeting. Its attainment represents a significant achievement by your organization. In addition to receiving the award, your entity's budget received the following special recognition: Special Performance Measures Recognition The Distinguished Budget Presentation Award is valid for one year. To continue your participation in the program, it will be necessary to submit your annual budget document to GFOA within 90 days of the proposed budget's submission to the legislature or within 90 days of the budget's final adoption. A Distinguished Budget Program application is posted on GFOA's website. This application must be completed and accompany your next submission. (See numbers 12 and 13 on page 2 of the application for fee information and submission instructions.) Each program participant is provided with confidential comments and suggestions for possible improvements to the budget document. Your comments are enclosed. We urge you to carefully consider the suggestions offered by our reviewers as you prepare your next budget. When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition for Budget Presentation is also presented to the individual(s) or department designated as being primarily responsible for its having achieved the award. Enclosed is a Certificate of Recognition for Budget Preparation for: Office of Budget and Performance lmprovemtn (OBPI) Washington, DC Office Federal Liaison Center, 660 North Capitol Street, NW, Suite 410 • Washington, DC 20001 • 202.393.8020 fax: 202.393.0780 www gfoa. org G3 GOVERNMENT FINANCE OFFICERS ASSOCIATION Distinguished Budget Presentation Award PRESENTED TO City of Miami Beach Florida For the Fiscal Year Beginning October 1, 2017 Cru P- 2"10 - Executive Director