Montgomery, Prince George’s Earn Awards for Excellence in Government Finance

The Government Finance Officers Association- Washington Metropolitan Area (GFOA-WMA) chapter this week announced the 2018 Excellence in Government Finance award winners. The Montgomery County General Accounting Team and the Prince George’s County Department of Permitting, Inspections, and Enforcement were honored for their innovative programs and contributions to the practice of government finance that exemplify outstanding financial management.

According to a press release:

The General Accounting Team of Montgomery County is honored for their hard work and dedication in automating and improving the efficiency and effectiveness of the fiscal year end closing process, which includes the preparation of the Comprehensive Annual Financial Report (CAFR). The implementation of this new, highly automated and integrated process has resulted in significant cost savings and time, availing general accounting resources to be applied to other accounting projects.

The Department of Permitting, Inspections, and Enforcement (DPIE) of Prince George’s County is honored for their successful implementation of innovative improvements to its permitting process that have resulted in expedited permitting of mega projects such as the signature $1.4 billion MGM National Harbor Hotel and Casino. DPIE’s innovative and expedited permitting process resulted in cost savings of $140 million during the two-year construction period and provided the owner with $1.3 billion in additional revenues by opening two years earlier than would have been possible using traditional approaches.

Established in 1985, the GFOA-WMA chapter is a member organization for financial professionals in government, such as accounting, budgeting, banking, insurance, and investment.

GFOA-WMA leads and encourages the pursuit and administration of sound financial management, policies, procedures, and systems. Through networking events and ongoing education, members build their skills and advance their careers, resulting in an astute body of professionals and thought leaders.

Read the full press release for more information.

Panelists at the MACo Winter Conference session, “Dollars & Sense: Building a Capital Budget,” will share best practices for planning and financing capital projects to meet public infrastructure and facility needs. The session will be held on Thursday, January 3, 2019, from 3:30 pm – 4:30 pm.

The MACo Winter Conference will be held January 2-4, 2019 at the Hyatt in Cambridge, Maryland. This year’s theme is, “Charting the Course.”

Learn more about MACo’s Winter Conference:

 

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