Page 3 - CityofWataugaAdoptedBudgetFY25

DISTINGUISHED BUDGET PRESENTATION AWARD

The Government Finance Officers Association of the United States and Canada (GFOA) presented a
Distinguished Budget Presentation Award to the City of Watauga, Texas for its Annual Budget for the
fiscal year beginning October 1, 2023.

The award represents a significant achievement by the City of Watauga. It reflects the commitment of
the governing body and staff to meeting the highest principles of governmental budgeting. In order to
receive the award, the City of Watauga had to satisfy nationally recognized guidelines for effective
budget presentation. These guidelines are designed to assess how well the budget document serves as
a policy document, a financial plan, an operations guide, and a communications device. Award
recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example
for other government entities. Each year, the City of Watauga’s staff incorporates recommendations
from the reviewers for continuous improvement of our budget document.

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This is the 35 consecutive year that the City has received this Award. The award is valid for a period of
one year only. We believe our current budget continues to conform to program requirements, and we
are submitting it to GFOA to determine its eligibility for another award. The City has received this award
since 1989.