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GOVERNMENT FINANCE <br />OFFICERS ASSOCIATION <br />180 North Michigan Avenue, Suite 800, Chicago, Illinois 60601 <br />312/977-9700 • Fax: 312/977-4806 <br />July 8, 1993 <br />PRESS RELEASE <br />For Further Information Contact <br />RELEASE IMMEDIATELY Dennis Strachota (312) 977-9700 <br />***************************************************************** <br />CHICAGO--The Government Finance Officers Association of the United <br />States and Canada (GFOA) is pleased to announce that the City of <br />Louisville, Colorado has received GFOA'S Distinguished Budget <br />Presentation Award for its budget. This award is the highest form <br />of recognition in governmental budgeting. Its attainment <br />represents a significant accomplishment by the management and <br />elected officials of the City of Louisville, Colorado. To receive <br />the award, governments submit their budget document for review by <br />a panel of independent budget experts. Using extensive criteria, <br />the reviewers evaluate the effectiveness of the budget as: <br />o A policy document <br />o A financial plan <br />o An operations guide <br />o A communication device <br />Award -winning documents must be rated 'proficient' in all four <br />categories. <br />Since 1984, over 500 governmental entities have received the <br />Distinguished Budget Presentation Award nationwide. Winning <br />entries represented truly pioneering efforts to improve the <br />quality of budgeting and provide excellent examples for other <br />governments throughout North America. <br />The Government Finance Officers Association is a nonprofit <br />professional association serving 9,500 government finance <br />professionals throughout North America. Over 11,000 governments <br />participate actively in the association's activities. The <br />association produces a variety of technical publications in <br />various fields of governmental finance, and represents the public <br />finance community in Washington, D.C. The association provides <br />numerous training opportunities, and conducts an annual conference <br />attended by over 3,000 public finance professionals. <br />WASHINGTON OFFICE <br />1750 K Street, N.W., Suite 200, Washington, D.C. 20006 <br />202/429-2750 • Fax: 202/429-2755 <br />