The Point: Award recognizes highest principles of governmental budgeting, fiscal responsibility
The Government Finance Officers Association presented RCTC and its Finance Department with its Distinguished Budget Presentation Award last month for its 2018/19 budget, reflecting RCTC’s commitment to fiscal responsibility.
The award represents a significant achievement by RCTC and reflects the commitment of Commissioners and staff to meet the highest principles of governmental budgeting.
To receive the award, RCTC had to satisfy four nationally recognized guidelines for effective budget presentation. These guidelines assess how well an entity’s budget serves as a policy document, financial plan, operations guide, and communication tool.
“This award recognizes the strength of RCTC’s $881 million budget, which is driven by the need to improve the quality of life for Riverside County residents, operational excellence, connecting the economy, and being a responsible partner with local, regional, and state governments,” said RCTC Chief Financial Officer Theresia Trevino. “RCTC is a responsible steward of taxpayer funds and is committed to these principles,” Trevino said.
GFOA posts its most recent budget award recipients and their corresponding budget documents on its website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governmental agencies in North America.