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LTC 319-2024 Government Finance Officers Association DistinguishedMIAMI BEACH OFFICE OF THE CITY MANAGER LTC# TO: FROM: DATE: SUBJECT: LETTER TO COMMISSION Honorable Mayor Steven Meiner and M~embers of the City Commission 0·1EricCarpenter,City Manager July 25,2024 Government Finance Officers Association Distinguished Budget Presentation Award The purpose of this Letter to Commission (LTC)is to announce that the Government Finance Officers Association (GFOA)has awarded the City of Miami Beach the Distinguished Budget Presentation Award for its Fiscal Year 2024 Adopted Budget.This represents the twenty-second consecutive year that the City has received this award. This award is the highest form of recognition in governmental budgeting and represents a significant achievement by the City.It reflects the commitment of the City of Miami Beach to meet the highest principles of governmental budgeting. In order to receive the budget award,the City 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 operational guide •a communication device In addition to receiving the award,the City received a Special Recognition for Performance Measures and Strategic Goals & Strategies.Special recognition is given when all three GFOA reviewers give the highest possible score in particular categories. Since the inception of the GFOA's Distinguished Budget Presentation Awards Program in 1984, award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.The GFOA advances excellence in government finance by providing best practices,professional development, resources,and practical research for more than 22,500 members and the communities they serve. Please join me in recognizing the Office of Management and Budget for achieving this distinguished award. 16. EC/JDG/TOS Attachment 319-2024 GOVERNMENT FINANCE OFFICERS ASSOCIATION Distinguished Budget Presentation Award PRESENTED TO City of Miami Beach Florida For the Fiscal Year Beginning October 01,2023 Executive Director