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Attachment 2 4 <br />Government Finance Officers Association <br />203 north LaSalle Street, Suite 2700 <br />ChicagZo, Illinois 60601 -1210 <br />312.977.9700 fay. 312.977.4806 <br />e <br />January 16, 2D14 <br />PRESS RELEASE <br />For Further Information Contact <br />Stephen 1. Gauthier (33 12) 977 -9700 <br />Chicago —The Government Finance Officers Association of the United States and Canada (GFOA) <br />Ls pleased to announce that Orange County, North Carolina has received the GFOA's <br />Distinguished Budget Presentation Award for its budget. <br />The award represents a significant achievement by the entity. It reflects the commitment of the <br />governing body and staff to meeting the highest principles of governmental budgeting. In order to <br />receive the budget award, the entity had to satisfy nationally recognized guidelines for effective <br />budget presentation. These guidelines are designed to 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, and the fourteen mandatory <br />criteria within those categories, to receive the award. <br />When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition <br />for Budget Presentation is also presented to the indix4dual or department designated as being <br />primarily responsible for its having achieved the award. This has been presented to Clarence G. <br />Grier, Assistant County Manager - CFO. <br />For budgets including fiscal period 2012, over 1,340 entities are expected to received the Award. <br />Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent <br />example for other governments throughout North America. <br />The Government Finance Officers Association is a nonprofit professional association serving over <br />17,800 government finance professionals throughout North America. The GFOA's Distinguished <br />Budget Presentation Awards Program is the only national awards program in governmental <br />budgeting. <br />Waddng -ton, DC Of m- <br />1301 Penns-ylvania Avenue, N. W, Suite 309 • W'ashington, DC 20004 - 202.393.8020 • fix. 202.393 0750 <br />WWVVV gioa Org <br />