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The Village of Montgomery has received its first Government Finance Officers Association’s (GFOA) Distinguished Budget Presentation Award for its annual budget. The award represents a significant achievement by the Village. It reflects the commitment of the organization and staff to meeting the highest principles of budgeting and budget presentation.
“The award reflects our ongoing efforts as an organization to increase government transparency and communication with our residents,” explained Acting Village Administrator Jeff Zoephel. “The Village Board has been very diligent in fostering transparency and public participation.” To obtain this award, the Village had to present the budget in a format that highlights and explains various items in the budget such as opportunities for public participation, revenue and expense trends, budget challenges, community priorities and changes in staffing levels.
“Management Analyst Rachel Lange coordinated the new budget format,” Zoephel added. “We are thrilled that her hard work resulted in this award for the Village.” Lange explained that she enjoyed creating this new format because she was able to use a variety of graphs and other visuals to make the document more reader-friendly and easier to understand.
For budgets including fiscal period 2011, 1,328 entities nationwide received the award. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.
The Village was also recognized by GFOA for their Popular Annual Financial Report and received GFOA’s Award for Excellence in Financial Reporting for nine consecutive years under Zoephel’s leadership. The Village’s financial reports and budget are available online at www.ci.montgomery.il.us. For more information on this press release, please contact Jeff Zoephel at 630-896-8080 X1551.