NN School Board receives GFOA Certificate of Achievement for Excellence in Financial Reporting
Posted: January 15, 2025
Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Distinguished Budget Presentation Award to the Newport News School Board for its annual budget document for the fiscal year beginning July 1, 2024.
The document was judged by an impartial panel to meet the high standards of the program.
The budget document also received special recognition for its strategic goals and strategies category. Special recognition is given when all three reviewers give the highest possible score in particular categories.
The award is the highest form of recognition in the area of governmental budgeting and its attainment represents a significant accomplishment by a government and its management, according to GFOA. The award reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting.
In order to receive the budget award, entrants had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity's budget serves as a policy document, a financial pan, an operations guide and a communications device.
Budget documents must be rated proficient in all four categories, and in 14 mandatory criteria within those categories, to receive the award.
