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3 <br /> GOVERNMENT FINANCE <br /> OFFICERS ASSOCIATION <br /> 180 North Michigan Avenue,Suite BOO,Chicago,Illinois 60601 <br /> 312/977-9700•Fax:312/977-4806 <br /> February 5, 1993 <br /> PRESS RELEASE <br /> For Further Information Contact <br /> RELEASE IMMEDIATELY Dennis Strachota (312) 977-9700 <br /> ***************************************************************** <br /> CHICAGO--The Government Finance Officers Association of the United <br /> States and Canada (GFOA) is pleased to announce that Orange <br /> County, North Carolina has received GFOA'S Distinguished Budget <br /> Presentation Award for its budget . This award is the highest form <br /> of recognition in governmental budgeting. Its attainment <br /> represents a significant accomplishment by the management and <br /> elected officials of Orange County, North Carolina. To receive <br /> the award, governments submit their budget document for review by <br /> a panel of independent budget experts. Using extensive criteria, <br /> the reviewers evaluate the effectiveness of the budget as: <br /> o A policy document <br /> o A financial plan <br /> o An operations guide <br /> o A communication device <br /> Award-winning documents must be rated 'proficient ' in all four <br /> categories. <br /> Since 1984, over 500 governmental entities have received the <br /> Distinguished Budget Presentation Award nationwide. Winning <br /> entries represented truly pioneering efforts to improve the <br /> quality of budgeting and provide excellent examples for other <br /> governments throughout North America. <br /> The Government Finance Officers Association is a nonprofit <br /> professional association serving 9,500 government finance <br /> professionals throughout North America . Over 11,000 governments <br /> participate actively in the association 's activities . The <br /> association produces a variety of technical publications in <br /> various fields of governmental finance, and represents the public <br /> finance community in Washington, D .C . The association provides <br /> numerous training opportunities , and conducts an annual conference <br /> attended by over 3,000 public finance professionals . <br /> WASHINGTON OFFICE <br /> 1750 K Street,N.W.,Suite 200,Washington,D.C.20006 <br /> 202/429-2750•Fax:202/429-2755 <br />