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.i <br />- _= 4 <br />GOVERNMENT FINANCE <br />OFFICERS ASSOCIATION <br />203 North LaSalle Street, Suite 2700, Chicago, Illinois 60601-1 2 1 0 <br />312/977-9700 • Fax: 312/977-4806 <br />February 7, 2003 <br />PRESS RELEASE <br />For Further Information. Contact <br />Stephen J. Gauthier (312) 977-9700 <br /> <br />Chicago--The Government Finance Officers Association of the United States and Canada <br />(GFOA) is pleased to announce that Orange County, North Carolina has received the <br />GFOA's Distinguished Budget Presentation Award for its budget. , <br />The award represents a significant achievement by the entity. It reflects the commitment <br />of the governing body and staff to meeting the highest principles of governmental <br />budgeting. In order to receive the budget award, the entity had to satisfy nationally <br />recognized guidelines for effective budget presentation. These guidelines are designed to <br />assess how well an entity's budget serves as: <br />^ a policy document <br />^ a financial plan <br />^ an operations guide <br />^ a communications device <br />Budget documents must be rated "proficient" in all four categories to receive the award. <br />When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of <br />Recognition for Budget Presentation is also presented to the individual or department <br />designated as being primarily responsible for its having achieved the award. This has <br />been presented to Donna H. Dean, Budget Director. <br />Since the inception of the GFOA's Distinguished Budget Presentation Awards Program <br />in 1984, approximately 900 entities have received the Award. Award recipients have <br />pioneered efforts to improve the quality of budgeting and provide an excellent example <br />for other governments throughout North America. <br />The Government Finance Officers Association is a nonprofit professional association <br />serving 14,000 government finance professionals throughout North America. The <br />GFOA's Distinguished Budget Presentation Awards Program is the only national awards <br />program in governmental budgeting. <br />WASHINGTON OFFICE <br />1750 K Street, N.W., Suite 350, Washington, DC 20006 <br />202/429-2750 Fax: 202/429-2755 <br />