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<br />,~~D~d~, Government Finance Officers Association <br />203 North LaSalle Street, Suite 2700 <br />Chicago, Illinois 60601-1210 <br />312.977.9700 fax: 312.977.4806 <br />• <br />January 16, 2007 <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 (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 fmancial 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 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 Donna Coffey, <br />Budget Director. <br />For budgets including fiscal periods 2005, '1,069 entities 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 nonprofit professional association <br />serving 16,800 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, DC Office <br />1301 Pennsylvania Avenue, N.W., Suite 309 Washington, DC 20004 202.393.8020 ° fax: 202.393.0780 <br />vvww gfoa.org <br />