The City of Carlsbad has received the Operating Budget Excellence Award from the California Society of Municipal Finance Officers for its Fiscal Year 2019-2020 Operating Budget.
The California Society of Municipal Finance Officers recognizes entities with highly professional budget documents with two levels of certificates.
The Meritorious Budget Award requires the entity to meet a very specific list of criteria.
The Operating Budget Excellence Award requires that the organization meet even higher criteria which effectively enhances the usability of the document.
Each agency is judged by impartial reviewers on different criteria including the format and layout of the budget, financial integrity of the document and the level of detail.
Until this past year, the City of Carlsbad Operating Budget format had remained the same for many years with the exception of some minor changes. The new format better communicates information to our citizens, the community and elected officials. It directly reflects the city’s commitment to increase transparency, quality and accountability.
The Deputy City Manager of Administrative Services Laura Rocha says, “The City Council has made increased financial transparency and accountability a high priority and we are pleased to work with a team of professionals who strive to maintain these best practices.”
The City of Carlsbad is committed to making sure its budgetary data is easily accessible to the community. Budget documents are placed online so that our residents can remain engaged and informed. The city will hold a workshop to seek input from community members about their needs and priorities for the fiscal year 2020-21 city budget on Feb. 10 from 6 to 7:30 at Faraday Business Park. Feedback can also be provided through an online survey open through Feb. 14.
California Society of Municipal Finance Officers is California’s premier statewide association for municipal finance professionals. Their goal is to promote excellence in financial management through improving the work, integrity, and skills of their member base responsible for municipal and other local government fiscal policy and management.