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4 <br /> Gov rnment Finance Off cers Associ tion Attachment 2 <br /> 203 North LaSalle Street, Suite 2700 <br /> Chicago,Illinois 60601-1210 <br /> 312.977.9700 fax: 312.977.4806 <br /> February 10, 2016 <br /> PRESS RELEASE <br /> For Further Information Contact <br /> Stephen J. Gauthier(312) 977-9700 <br /> Chicago--The Government Finance Officers Association of the United States and Canada(GFOA) <br /> is 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 individual or department designated as being <br /> primarily responsible for its having achieved the award. This has been presented to Paul K. <br /> Laughton, MPA, Interim Director, Finance and Administrative Services <br /> For budgets beginning in 2014, 1,491 participants received the Award. Award recipients have <br /> pioneered efforts to improve the quality of budgeting and provide an excellent example for other <br /> governments throughout North America. <br /> The Government Finance Officers Association is a major professional association servicing the needs <br /> of 18,300 appointed and elected local, state, and provincial-level government officials and other <br /> finance practitioners. It provides top quality publications,training programs, services, and products <br /> designed to enhance the skills and performance of those responsible for government finance policy <br /> and management. The association is headquartered in Chicago, Illinois,with offices in Washington <br /> D.C. The GFOA's Distinguished Budget Presentation Awards Program is the only <br /> national awards program in governmental budgeting. <br /> Washington, DC Office <br /> 1301 Pennsylvania Avenue,N.W., Suite 309 ® Washington,DC 20004 . 202.393.8020 ® fax: 202.393.0780 <br /> www.gfoa.org <br />