December 18, 2006 - The City of Knoxville
has received the Government Finance Officers Association's Distinguished
Budget Presentation Award for its Fiscal Year
Knoxville was one of only 18 cities or counties in Tennessee that
received the honor this year and this marks the 19th consecutive
year that the city has gotten the award.
Mayor Bill Haslam said the award was a confirmation that the city
is committed to careful planning and wise use of its funds.
"Everyone in the city should be assured we have a budget that's
accurate and understandable," Haslam said. "And I want
to thank everyone who has a part in putting it together."
The Government Finance Officers Association of the United States
and Canada is a non-profit association that serves more than 16,000
government finance professionals in North America.
"We think it's important because it reflects on the quality
of the work we do," said James York, the city's deputy finance
director. "It shows that there is a national body that recognizes
these things and shows we meet certain standards in the preparation
of our budget."
According to a Government Finance Officers Association release
the award "reflects the commitment of the governing body and
staff to meeting the highest principles of governmental budgeting.
To receive the award a government entity had to satisfy specific
guidelines for effective budget presentation designed to assess
how well its budget document served as a policy document; financial
plan; operations guide and as a communications device.
The budget had to be rated proficient in all four categories for
the governing body to receive the award.
The City of Knoxville's FY 2006/2007 Operating Budget defines not
only where the city's revenues come from and how it plans to spend
the money, but it also gives the reader a snapshot of the city's
history, where it is now and where it plans to go.
"You want to make something that someone can pick up and
read and understand," York said.
While the city's budget is several hundred pages long and is a
comprehensive document York said the finance department strives
to make it clear and understandable for people who aren't financial
The city's budget is also available at www.cityofknoxville.org/budget.
In addition to the city receiving the award a Certificate of Recognition
for Budget Presentation is also presented to the "individual
or department designated as being primarily responsible for it's
having achieved the award" according to the GFOA press release
The certificate was presented to York and the finance department.
The city also has received the GFOA's Certificate of Achievement
for Excellence in Financial Reporting over the past 19 years, which
is awarded for comprehensive annual financial reports for the previous