For the twelfth year in a row, the Government Finance Officers Association (GFOA) has awarded the Village of Sugar the Distinguished Budget Presentation Award. A Certificate of Recognition for Budget Presentation was also presented to Matt Anastasia, Finance Director as the individual that was primarily responsible for its having achieved the award.
This award represents a significant achievement as it reflects the commitment of the Village Board and Staff as the budget was judged using the highest principles of governmental budgeting. In order to receive the budget award, the Village had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well the budget serves as a policy document, a financial plan, an operations guide and a communications device. Budget documents must be rated “proficient” in all four categories to receive the award.
President P. Sean Michels stated, “The receipt of this award is a testimony to the commitment of Village Board to be fiscally accountable, utilize proper accounting standards and produce a readable budget document that fully outlines the finances of the Village. The Board and I are proud to accept this award and to recognize the efforts of our Finance Director for his diligence in preparing the final budget document, one that allows us and all Sugar Grove residents to accurately understand and track the financial health of the Village.”
The budget document contains the expenditures and projects that are proposed to be completed by the Village, the expected revenues, an explanation of the various funds, basic information about the organizational structure of the Village, and the major initiatives of the Village. The award winning Fiscal Year 2017-208 Budget for the Village of Sugar Grove can be viewed at the Municipal Center, 10 S. Municipal Drive, Sugar Grove, Illinois.
Additional information on the judging and the criteria as established by the GFOA follows. Each budget document submitted to the program is evaluated by three reviewers. Each reviewer rates the budget document as being; not proficient, proficient, or outstanding in 27 specific criteria that are grouped into four basic categories. The reviewer also provides an overall rating for each of the basic categories. To receive the award, a budget document must be rated either proficient or outstanding by at least two of the three reviewers for all four categories.