Once again the Town of Woodbridge has earned the Distinguished Budget Presentation Award and the Certificate of Achievement for Excellence in Financial Reporting from the national nonprofit Government Finance Officers Association (GFOA).
The budget presentation award is based on how well the Town’s budget serves as a policy document, a financial plan, an operations guide and a communications device. In a letter to the Town about the budget award, the GFOA states, “This award is the highest form of recognition in governmental budgeting and represents a significant achievement by your organization.”
The Town’s audit was judged by an impartial panel to determine if it met the program’s high standards, including a “spirit of full disclosure” to communicate the Town’s financial story. These awards “reflect the commitment of the governing body and staff to meeting the highest principles of governmental budgeting,” the GFOA states.
The certificates of recognition were presented to the Town’s Director of Finance Tony Genovese. Board of Finance Chairman Matthew Giglietti added, “This budget award is particularly important because well-presented budget documents help residents understand how their Town is being managed and what happens with their tax dollars.”