City of Lake Forest Park receives Distinguished Budget Presentation award

The Government Finance Officers Association (GFOA) awarded the Distinguished Budget Presentation Award to the City of Lake Forest Park for its 2017-2018 biennial budget.

The award represents a significant achievement. It reflects the commitment of the City to meeting the highest principles in governmental budgeting.

In order to receive the budget award, the City must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device.

This new budget document was created by staff in order to provide transparent and meaningful budget information to our taxpayers.

This latest award, coupled with last year’s Stewardship Award from the State Auditor’s Office, highlights the City’s effort to be on the leading edge of financial transparency.