Oro Valley Celebrates Finance Department’s Achievements
Great news for Oro Valley! Our Finance Department has earned some well-deserved recognition from the Government Finance Officers Association (GFOA). Plus, you can now check out the town’s Popular Annual Financial Report online. Let’s dive into the details.
A Shining Achievement in Budgeting
For the 14th year running, Oro Valley has snagged the Distinguished Budget Presentation Award for its July 1, 2021, budget. This award is a big deal, highlighting the hard work and dedication of our Town Council and staff to top-notch budgeting standards.
To earn this accolade, the town’s budget had to hit the mark in nationally recognized guidelines. These guidelines assess how well the budget works as a policy document, a financial plan, an operations guide, and a communications device. The budget had to be proficient in all four categories and meet 14 mandatory criteria. With over 1,700 entries in the Budget Awards Program, this win is no small feat!
David Gephart, our Chief Financial Officer, expressed his gratitude, saying, “We are humbled and honored to again be recognized for this prestigious award, and especially the special recognition for performance measures which is something our team has been trying to achieve for years.” He credits the award to the immense hard work and dedication of the finance team in putting together a budget we can all be proud of.
Meet the GFOA
The Government Finance Officers Association is all about promoting excellence in government finance. They offer best practices, professional development, and resources to over 21,000 members and the communities they serve.
Your Financial Snapshot
The Town of Oro Valley has also published its reader-friendly Popular Annual Financial Report (PAFR) for the fiscal year ending June 30, 2021. This report is a condensed version of the Annual Comprehensive Financial Report (ACFR), which, while comprehensive, isn’t very easy to digest for most folks.
The PAFR gives you a neat summary of the town’s accomplishments, net assets, activities, revenues, expenditures, debt, and financial ratings. It also provides a glimpse into the historical trends in these areas. It’s a great way to stay informed about Oro Valley’s financial health.
If you’re curious and want to dive into the report, you can check it out online here.
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