Last week’s post about the upcoming budget sessions describes the process that the City Council and staff undergo to create a budget to meet the needs of our community. This undertaking is no small feat!
Finance Director Nancy Lueck has been with the Finance Department since 1977 and has served as the Director since fall of 2005. Nancy and her team have efficient procedures for handling the budget each year.
Not only does Iowa Code require cities of our size to complete an annual audit, but the City of Muscatine also submits the budget to be reviewed by The Government Finance Officers Association of the United States and Canada (GFOA) each year.
The City of Muscatine has been awarded a GFOA Distinguished Budget Presentation Award for 32 consecutive years. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan and as a communications device.
For the 25th consecutive year, the City has also received the Certificate of Achievement for Excellence in Financial Reporting from GFOA for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
If you’d like to learn more about the budget process, consider attending some of the upcoming budget sessions!