The Government Finance Officers Association (GFOA) awarded the Distinguished Budget Presentation Award to the City of Lake Forest Park for its 2019-2020 biennial budget. The City also received a Distinguished Budget Award for the 2017-2018 biennial budget.
The budget awards represent a significant achievement. They reflect the commitment of the City to meeting the highest principles in governmental budgeting. In order to receive the budget award, the City must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device. A completely new budget document was created by the Finance Department for the 2017-2018 biennial budget to provide the additional transparency to the citizens of Lake Forest Park.
The two budget awards, along with 2016’s Stewardship Award from the Washington State Auditor’s Office, highlights the City’s continuous commitment to be on the leading edge of financial transparency.