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HomeMy WebLinkAbout03. Receive Government Finance Officers Association Distinguished Budget Presentation Award FY 2022-23Item 3. J anuary 19, 2023 T O: HO NO R A B L E B O A R D O F D I R E C TO R S F RO M :K E V I N MI Z UNO, F I NA NC E MA NA G E R RE V IE WE D B Y:P HI L I P L E I B E R , D I R E C TO R O F F I NA NC E A ND A D MI NI S T R AT I O N R O G E R S. B A I L E Y, G E NE R A L MA NA G E R S UB J E C T: R E C E I V E T HE G O V E R NME NT F I NA NC E O F F I C E R S A S S O C I AT I O N D I S T I NG UI S HE D B UD G E T P R E S E NTAT I O N AWA R D F O R F I S C A L YE A R (F Y) 2022-23 Each year, following the development and adoption of Central S an's comprehensive budget document, the F inance Division submits an application and the budget book to the Government F inance Of f icers Association (G F O A ) in an ef f ort to earn the Distinguished Budget Presentation Award . Management’s goal each year is that the submitted budget book meets the high standards of the G F O A’s prestigious award program. Staf f submitted the budget f or the fiscal year ending J une 30, 2023 (F Y 2022-23) f or review by the award program deadline. I n a D ecember 19, 2022 press release of the G F O A, it was announced that Central San was awarded the Distinguished Budget Presentation Award f or the F Y 2022-23 B udget, which represents the f if th consecutive year of achieving the award. T he Distinguished Budget Presentation Award is the highest form of recognition in governmental budgeting, recognizing individual governments that succeed in producing budgets of the very highest quality, ref lecting both the guidelines established by the National A dvisory C ouncil on S tate and L ocal B udgeting as well as the G F O A's best practices of budgeting. T he award is valid for one year, and to continue participation in the program, it will be necessary f or staff to submit the next annual budget document (for F Y 2023-24) to the G F O A within 90 days of the budget's final adoption. I nitial work on the F Y 2023-24 budget commenced in J anuary 2023, and F inance staf f fully intend to submit an application for the award again. Strategic Plan Tie-I n G O A L O N E: Customer and C ommunity Strategy 1 – Deliver high-quality customer service G O A L FO U R : G overnance and Fiscal R esponsibility Strategy 1 - Promote and uphold ethical behavior, openness, and accessibility January 19, 2023 Regular Board Meeting Agenda Packet - Page 15 of 319 Page 1 of 10 AT TAC HM E NT S : D escription 1. G F O A Press R elease 2. G F O A D istinguished Budget P resentation Award 3. P resentation January 19, 2023 Regular Board Meeting Agenda Packet - Page 16 of 319 Page 2 of 10 FOR IMMEDIATE RELEASE December 19, 2022 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 Central Contra Costa Sanitary District, California, 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 th e 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 Finace Department. There are over 1,700 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 (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. Attachment 1 January 19, 2023 Regular Board Meeting Agenda Packet - Page 17 of 319 Page 3 of 10 PRESENTED TO Central Contra Costa Sanitary District California For the Fiscal Year Beginning July 01, 2022 Executive Director GOVERNMENT FINANCE OFFICERS ASSOCIATION Distinguished Budget Presentation Award Attachment 2 January 19, 2023 Regular Board Meeting Agenda Packet - Page 18 of 319 Page 4 of 10 Finace Department Central Contra Costa Sanitary District, California December 19, 2022 The Government Finance Officers Association of the United States and Canada The Certificate of Recognition for Budget Preparation is presented by the Government Finance Officers Association to those individuals who have been instrumental in their government unit achieving a Distinguished Budget Presentation Award. The Distinguished Budget Presentation Award, which is the highest award in governmental budgeting, is presented to those government units whose budgets are judged to adhere to program standards presents this CERTIFICATE OF RECOGNITION FOR BUDGET PREPARATION to Date: Executive Director Attachment 2 January 19, 2023 Regular Board Meeting Agenda Packet - Page 19 of 319 Page 5 of 10 1 Distinguished Budget Presentation Award Board Presentation Kevin Mizuno Finance Manager January 19, 2023 Table of Contents 1.About the GFOA 2.About the Award 3.Eligibility and Review Process 4.Award Presentation 5.Acknowledgements 1 2 Attachment 3 January 19, 2023 Regular Board Meeting Agenda Packet - Page 20 of 319 Page 6 of 10 2 Government Finance Officers Association (GFOA) •Founded in 1906 representing public finance officials throughout the United States and Canada •More than 20,000 members are federal, state/provincial, and local finance officials deeply involved in planning, financing & implementing thousands of governmental operations in each of their jurisdictions •GFOA’s mission is to advance excellence in public finance and is the known leader in the field •Provides best practice guidance, consulting, networking opportunities, publications, training and reward programs The Award •Established in 1984 to encourage and assist state and local governments to prepare budget documents of the very highest quality. •Budget documents should reflect both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA’s best practices of budgeting. •The Distinguished Budget Award recognizes individual governments that succeed in achieving this goal. •Over 1,600 governments, including states, cities, counties, special districts, school districts, and more have been recognized for transparency in budgeting. 3 4 Attachment 3 January 19, 2023 Regular Board Meeting Agenda Packet - Page 21 of 319 Page 7 of 10 3 Eligibility and Review Process •To earn recognition, budget documents must meet program criteria and excel as a policy document, financial plan, operations guide, and communication tool •Submissions must be received within 90 days of date of adoption •Reports submitted are reviewed by three independent finance professionals who evaluate the document using 25 criteria developed by the Budget Awards Subcommittee of GFOA’s Committee on Governmental Budgeting and Management. •A budget receives the award if it meets the criteria, 15 of which were mandatory. At least 2 of 3 reviewers must rate the document “proficient” or “outstanding” on all 4 overall categories and all mandatory criteria in order to receive the award. Review Criteria •Reviewers evaluate budget according to 4 categories 1. Policy Document • Propose, identify, and clarify policies 2. Financial Plan • Promote solvency, efficiency, and rational collective choices regarding distribution and use of municipal resources 3. Operations Guide • Go beyond purely financial dimensions to deal with the function of different parts of the organization and number of and level of employees 4. Communications Device • Use narratives and simple charts or graphs to convey its meaning to residents, taxpayers, and constituents 5 6 Attachment 3 January 19, 2023 Regular Board Meeting Agenda Packet - Page 22 of 319 Page 8 of 10 4 Continued Excellence •5th consecutive year receiving the award •Intend to apply for award for FY 23- 24 budget to be adopted June 2023 •Continued staff training on best practices and new pronouncements issued by the GASB •District-wide collaborative effort Acknowledgements •Sincere “thank you” to Central San’s finance and budget teams for their contributions in assisting Management in compiling and delivering the budget book each year, especially: Olivia Ruiz (Accounting Supervisor) Velisa Parks (Administrative Services Assistant) Christina Gee (Management Analyst) Amal Lyon (Accountant) Diana Diaz (Accountant) Thomas Brightbill (Senior Engineer) Rest of the dedicated “Budgeteers” 7 8 Attachment 3 January 19, 2023 Regular Board Meeting Agenda Packet - Page 23 of 319 Page 9 of 10 5 Discussion and Questions 9 Attachment 3 January 19, 2023 Regular Board Meeting Agenda Packet - Page 24 of 319 Page 10 of 10