Colleyville, Texas July 26, 2017
The Government Finance Officers Association (GFOA) presented the City
of Colleyville with its Distinguished Budget Presentation Award for the Fiscal Year 2017
budget, continuing a 22-year-old tradition of financial transparency excellence.
GFOA reviews budget documents on an annual basis and assessed how well an entity’s budget
serves as a policy document, a financial plan, an operations guide, and a communications device.
In order to receive the award, the City had to satisfy nationally recognized guidelines for
effective budget presentation.
The City of Colleyville has received this award for 23 consecutive years. The award reflects a
commitment from the City to meet the highest principles of governmental budgeting.
“As fiscal stewards, financial transparency is key in the relationship between the City and its
taxpayers,” Mayor Richard Newton said. “We want our community members to have an
understanding of how their dollars are spent to better Colleyville and the quality of life.”
The award-winning budget is available to view on Colleyville.com. In addition to the hard
numbers and budget breakdown, the 258-page document highlights important budget items and
how the City’s spending reflects its goals. This year, the City introduced the OpenGov Financial
Transparency Portal. This online tool provides a visually appealing look at the budget and
monthly reports.
“The budget document is more than a collection of revenues and expenditures,” Adrienne
Lothery, Colleyville Strategic Services manager, said. “It exists to help residents understand
community priorities and programs for the year.”
More than 1,600 entities participate in the Budget Awards Program. GFOA posts Budget Award
recipients, along with their corresponding budget documents, on GFOA.org. The Association
said its award recipients have pioneered efforts to improve the quality of budgeting and provide
an excellent example for other governments throughout North America.
More information about GFOA:
The Government Finance Officers Association is a nationally-recognized major professional
association servicing the needs of more than 19,000 appointed and elected local, state, and
provincial-level government officials and other finance practitioners.
