The City of Carlsbad’s annual budget has been recognized by the top authority in government accounting for the 19th year in a row. The Government Finance Officers Association of the United States and Canada has a long list of criteria that emphasizes sound financial planning and transparency.
The award is the highest form of recognition in governmental budgeting.
Each year, the city prepares a budget that details where the money comes from to fund city services and the spending plan for that money in the year ahead.
The award goes to cities that present a budget that also serves a guide for policy, financial planning, operations and a way to communicate its plans to the community.
Earlier this month, the city’s annual financial report was also recognized with a top award from the association. That award highlighted the way the city helped the community understand the fiscal condition of the city as well as how actual revenues and spending compared to what was forecasted. This marks the 27th year in a row and 34th time overall the city’s annual report has gotten top honors.
