Tampa Bay Water Awarded for Meeting Highest Principles of Governmental Budgeting
Tampa Bay Water’s 2016 Fiscal Year Budget has been awarded with a Distinguished Budget Presentation Award from the Government Finance Officers Association of the United States and Canada (GFOA). This marks the seventh consecutive year that the agency has been bestowed this notable honor.
The Distinguished Budget Presentation is awarded to local or state government agencies that meet stringent criteria for budget and reporting. Tampa Bay Water was acknowledged for satisfying nationally recognized guidelines and for how well its budget served as a policy document, financial plan, communications device and an operations guide.
The award program was established by the GFOA in order to inspire government entities to create high-quality budgeting documents that not only meet the guidelines established by the National Advisory Council on State and Local Budgeting, but also the GFOA’s principles. According to the GFOA website, award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.
Participating in the program helps the agency ensure transparent communications with its member governments and stakeholders with regard to its budget. Other benefits of this honor include, staying up to date with the latest trends in documentation, and meeting the agency vision to: be a model for regional water supply in the nation; be a leader in innovation and best practices; and be a respected member of the Tampa Bay community.