The Finance Department has received various awards for distinguished budget presentation and excellence in financial reporting. The following represent some of these awards.
Distinguished Budget Presentation Award
The Distinguished Budget Presentation Award is presented by the Government Finance Officers Association of the United States and Canada (GFOA).
Nationally Recognized Guidelines
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 operations guide, and a communications device. This is the 36th consecutive year the City has received this award.
Certificate of Achievement for Excellence in Financial Reporting
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Abilene for it's annual comprehensive financial report for the fiscal year ended September 30, 2022. This was the 25th consecutive year that the City has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to GFOA to determine it's eligibility for another certificate.