For City Council Meeting November 15, 2022
TO: Honorable Mayor and City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Katherine Stevens, Finance Director
Title
Request City Council to Receive and File the Distinguished Budget Presentation Award from the Government Finance Officers Association (GFOA) for the Fiscal Year 2022-2023 Annual Budget.
Body
BACKGROUND
In 1984 The Government Finance Officers Association (GFOA) established the Distinguished Budget Presentation Awards Program to encourage and assist state and local governments in preparing budget documents of the highest quality that reflect both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA’s best practices on budgeting. Individual governments that achieve this goal are recognized.
ANALYSIS/DISCUSSION
May 26, 2022, the City of Rialto fiscal year 2022-2023 Annual Budget was approved and adopted. On August 9, 2022, the adopted City of Rialto fiscal year 2022-2023 annual budget was submitted to GFOA in the hopes of receiving the Distinguished Budget Presentation Award.
September 14, 2022, the City of Rialto’s Finance department was awarded the Distinguished Budget Presentation Award for the approved fiscal year 2022-2023 annual budget. Attached is the notification of award packet.
ENVIRONMENTAL IMPACT
This action is exempt from California Environmental Quality Act (CEQA) pursuant to Section 15378(b)(5) of the CEQA Guidelines because the preparation of a budget plan is a governmental administrative activity that will not result in direct or indirect physical changes in the environment.
GENERAL PLAN CONSISTENCY
General Plan Guiding Principle 3 - Rialto’s Economic Environment is Healthy and Diverse - specifically our City Government will lead by example, and will operate in an open, transparent, and responsive manner that meets the needs of the citizens is a good place to do business
LEGAL REVIEW
The City Attorney has reviewed and supports this staff report
FINANCIAL IMPACT
Operating Budget Impact
There is no impact to the Operating Budget.
Capital Improvement Budget Impact
There is no impact to the Capital Improvement Budget.
RECOMMENDATION
Request City Council to: Receive and File Distinguished Budget Presentation Award.