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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: May 5, 2016 <br /> Action Agenda <br /> Item No. 4-d <br /> SUBJECT: Distinguished Budget Presentation Award <br /> DEPARTMENT: Finance and Administrative <br /> Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1. GFOA Announcement Gary Donaldson, Finance and <br /> Letter to Orange County Administrative Services, (919) 245- <br /> Attachment 2. GFOA Press Release 2453 <br /> Paul Laughton, (919) 245-2152 <br /> PURPOSE: To recognize the budget staff of the Orange County Finance and Administrative <br /> Services Department for earning the Government Finance Officers' Association (GFOA) <br /> Distinguished Budget Presentation Award for the 2015-16 fiscal year budget document. <br /> BACKGROUND: GFOA is an internationally recognized organization that offers guidance and <br /> support to local and state government budget and finance professionals throughout the United <br /> States and Canada. The GFOA's Distinguished Budget Presentation Award is the highest form <br /> of recognition in governmental budgeting and represents a significant achievement by the <br /> organization. Its attainment represents a major achievement by a governmental entity and its <br /> budget team. In order to receive this award, the County's budget and capital planning <br /> documents must meet stringent program criteria such as policy documents, operations guides, <br /> financial plans, and communications devices. <br /> This year marks the twenty-fourth year that Orange County has received the GFOA <br /> Distinguished Budget Presentation Award. Eligibility standards and expectations for the award <br /> become more stringent and rigorous each year. The County commends the budget staff for <br /> their ability to consistently achieve the high standards required to receive this esteemed award. <br /> FINANCIAL IMPACT: There is no financial impact related to the recognition of this award. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal associated with <br /> this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board recognize the budget staff <br /> of the Finance and Administrative Services Department for the receipt of the GFOA <br /> Distinguished Budget Award and present the GFOA plaque to them. <br />