The city of Vancouver has received a Distinguished Budget Presentation Award for its 2011-12 budget by the Government Finance Officers Association, according to a news release issued Friday.
The award honors state and local governments that prepare budgets according to best practices established by the National Advisory Council on State and Local Budgeting. Those practices include a demonstration of long-term goals and budgetary trends and an explanation of priorities, revenues and expenditures.
"The city takes its responsibility to manage public dollars seriously and holds itself to the highest professional standards in the nation," said Lloyd Tyler, the city's chief financial officer. "In addition to the city's consistently clean financial audits and GFOA awards for excellence in financial reporting, the city is proud to receive this award for its outstanding budget document. National acknowledgement of the work of the city's budget and planning team is timely and very appropriate."
The city's budget planning manager, Natasha Ramras, submitted her resignation this week to City Manager Eric Holmes. Ramras will work as the finance director of the Knight Cancer Institute at Oregon Health & Science University.
The GFOA is a nonprofit organization serving approximately 16,000 government finance professionals with offices in Chicago and Washington, D.C.