The Castaic Lake Water Agency was recently presented with the Distinguished Budget Presentation Award by the Government Finance Officers Association of the United States and Canada for its Fiscal Year 2012/13 Budget.
To receive the award, the budget document must be rated “proficient” in all four categories that demonstrate how well the budget serves as a policy document, a financial plan, an operations guide and a communications device. The award reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting.
This is the seventh consecutive year in which the Agency has received this award. Valerie Pryor, Administrative Services Manager for the Castaic Lake Water Agency, received a Certificate of Recognition for Budget Presentation. She was primarily responsible for preparing the award-winning budget.
The FY 2012/13 Budget has been judged by an impartial panel to meet the high standards of the program. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.
The GFOA is a nonprofit professional association that serves approximately 17,600 government finance professionals. Their offices are located in Chicago, Illinois and Washington, D.C. Click here  to learn more.