CAMPBELL RIVER, B.C. – The City of Campbell River has been recognized with a Distinguished Budget Presentation Award from the Government Financial Officers Association of the United States and Canada.
It’s the sole national awards program and the highest form of recognition in governmental budgeting, according to the city.
The award recognizes Campbell River’s 2018-2027 financial plan.
“This award confirms that the City’s financial process is well structured, and we applaud the finance department team and the entire management staff for their efforts to achieve this recognition for Campbell River’s 10-year financial plan,” said Campbell River mayor Andy Adams, in a release.
“Award recipients are considered to have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America – and Campbell River is proud to be a leader in this.”
The association said that receiving the award represents “a significant achievement and reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting.”
The obtain the award, the city had to satisfy nationally recognized guidelines for effective budget presentation that assess how well a budget serves as:
-A policy document
-A financial plan
-An operations guide
-A communications device
According to a release issued by the city, Campbell River’s ten-year budget is based on the city’s Financial Stability and Resiliency Program.
The program focuses on council and community priorities for enhanced services, supports ongoing capital investment for infrastructure renewal and provides predictable stable property tax rates.