The city's Finance Department receives two awards from GFOA
Published on March 20, 2025
RENTON, WA (MARCH 20, 2025) – The City of Renton's Finance Department received two Government Finance Officers Association awards. The first award was for Excellence in Financial Reporting, and the second was the Distinguished Budget Presentation Award.
The city was selected for the Excellence in Financial Reporting Award for its annual comprehensive financial report for the 2023 fiscal year. The report is judged by an impartial panel to meet the program's high standards, which include clearly communicating its financial story and motivating potential users and user groups to read the report. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting.
The Distinguished Budget Presentation Award reflects the staff's commitment to meeting the highest principles of governmental budgeting with a special recognition for the presentation for the capital investment program. The department had to satisfy nationally recognized guidelines for effective budget presentation to receive this award. These guidelines assess if the budget serves as a policy document, a financial plan, an operations guide, and a communications device.
Every two years, the city develops the biennial budget, which begins with the mayor and council reviewing the city's current service levels and projected revenues for the new biennium to determine whether significant changes are needed. For the 2025-2026 Biennial Budget, before the completion of the budget, the department provided residents with a city-wide budget survey for the first time to help understand the community priorities and expectations for city services that will help influence budget decisions.
Both recognitions highlight the department's focus on prioritizing creating an inclusive and balanced budget for the needs of Renton residents.
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About City of Renton
The City of Renton, Washington, with a population of 108,800 (2024), is located on the southeast shore of Lake Washington, just south of Seattle. Renton is the 17th most diverse city in the nation. Renton's strong economic base, diverse marketplace, and favorable business climate have attracted nationally recognized companies wishing to provide employees and their families with an outstanding quality of life. Renton is the home of Boeing, PACCAR, IKEA, Seattle Seahawks, Seattle Sounders FC, and the eternal resting place of rock icon Jimi Hendrix. You can find more information on our website, news releases, Facebook, Instagram, X, and Nextdoor pages.
Government Finance Officers Association (GFOA)
GFOA advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 22,500 members and the communities they serve.