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3 <br />GOVERNMENT FINANCE <br />OFFICERS ASSOCIATION <br />180 North Michigan Avenue, Suite eQO, Chicago, Illinois 606Q1 <br />312/977-9700 • Fax: 312/977-4806 <br />May 1 g`, 2001 <br />PRESS RELEASE <br />Far further information, please contact <br />Stephen J. Gauthier at (312) 977-9700 <br />^wwwwwwwwwwwwwwwwwwwwwwwrwwwwwwwwwwwwrwwwwwwwwwwwwwwwwwwwarwwwwwwwwwwwwwwwwrrw~ <br />Chicago-The Government Finance Officers Association of the United States and Canada <br />(GFOA) is pleased to announce that Orange County has received the GFOA's Distinguished <br />Budget Presentation Award for its budget. <br />The award represents a significant achievement by the entity. It reflects the commitment <br />of the governing body and staff to meeting the highest principles of governmental <br />budgeting. In order to receive the budget award, the entity had to satisfy nationally <br />recognized guidelines for effective budget presentation. These guidelines are designed to <br />assess how well an entity's budget serves as: <br />A policy document <br />A financial plan <br />Y 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 <br />Recognition for Budget Preparation is also presented to the individual or department <br />designated as being primarily responsible for its having achieved the award. This has been <br />presented to Donna H. Dean, Budget Director. <br />Since the inception of the GFOA's Distinguished Budget Presentation Awards Program <br />in 1984, approximately 800 entities have received the award. Award recipients have <br />pioneered efforts to improve the quality of budgeting and to provide an excellent example <br />for other governments throughout North America. <br />The Government Finance Officer's Association is a nonprofit professional association, <br />serving 13,000 government finance professionals throughout North America. <br />The GFOA's Distinguished Budget Presentation Awards Program is the only national <br />awards program in governmental budgeting: <br />WASHINGTON OFFII".F <br />