Novi Receives Distinguished Budget Presentation Award for 20th Consecutive Year
Release date: Tuesday, January 24, 2017
Contact: Nathan Mueller, Community Relations Specialist 248-347-0431
NOVI, Mich., January 24, 2017 – The Government Finance Officers Association of the United States and Canada (GFOA) is pleased to announce the City of Novi has received the GFOA’s Distinguished Budget Presentation Award for the 20th consecutive year.
The City of Novi received the award for satisfying nationally recognized guidelines for effective budget presentation which assess how well the City’s budget serves as a policy document, a financial plan, an operations guide, and a communications device. Budget documents must be rated “proficient” in all four categories - and the 14 mandatory criteria within those categories - to receive the award.
The City utilizes a multi-year budget in an effort to guide future infrastructure and service needs, and publishes a Complementary Budget Story to keep residents and business owners informed on happenings in the community.
The award represents a significant achievement by the City of Novi and reflects the commitment of the City Council and staff to meeting the highest principles in governmental budgeting. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting, and for budgets beginning in 2015, 1,565 participants received the award.
In addition to the Distinguished Budget Presentation Award, the City of Novi regularly earns recognition for excellent financial reporting. Commonly referred to as “the audit,” the financial reporting prepared by Novi staff is completed soon after the fiscal year closes to aid City leadership in policy making. The City of Novi has a long history of fiscal transparency, evidenced by televised Council and Commission meetings, public Budget Sessions, a comprehensive website (with supporting materials for meetings) and more.
The Government Finance Officers Association is a non-profit professional association serving nearly 19,000 government finance professionals throughout North America, and has offices in Chicago and Washington, D.C. View the City of Novi’s current budget document, City dashboard, up-to-date financial status, public safety trends, and quality of life information