The Anne Arundel County Office of Finance earned the Distinguished Budget Presentation Award for its fiscal 2023 budget from the Government Finance Officers Association (GFOA) of the United States and Canada.
The award is a significant achievement and reflects the County’s commitment to meeting the highest principles of governmental budgeting.
According to County Executive Steuart Pittman:
This award is the highest form of recognition in governmental budgeting and it reaffirms what we already knew – that Anne Arundel County has never been in a stronger fiscal position.
This year our conservative budgeting, responsible spending, and investments in our future earned us a Triple-A bond rating from Moody’s for the first time in county history, and we continued our success with an FY23 budget that grew our rainy day fund, reduced borrowing, eliminated the county’s structural deficit, and provided record investments in services and infrastructure.
None of this progress would be possible without the incredible staff in the Budget Office, who work hard year round to ensure that all of our county departments have the resources they need to serve our residents. Thank you all for keeping Anne Arundel County running.
To receive the award, the County had to satisfy nationally recognized guidelines for an effective budget presentation that assess how well an entity’s budget serves as a policy document, a financial plan, an operations guide, and a communications device.
In addition, budget documents must earn a “proficient” rating in all four categories and the fourteen mandatory criteria within those categories.
There are over 1,600 participants in the Budget Awards Program, and the most recent award recipients are posted quarterly on GFOA’s website (www.gfoa.org). Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.