Huntington Beach : City Wins Nationwide Award for Fiscal Policy
The city has earned the Award of Distinguished Budget Presentation for its fiscal policy, making it one of only 140 organizations nationwide to receive the award since 1982.
The award was based on the city’s overall financial reporting system for the 1985-86 fiscal year, said City Administrator Charles W. Thompson.
“It shows that there is a high-quality financial organization intact here. You have to have your financial reporting system in order when you get that award,” Thompson said. “It says to investors that this is a city that has its financial house in order.”
The award was presented by the Government Finance Officers Assn., a nonprofit association based in Chicago that serves 9,500 government finance organizations nationwide.
Robert Franz, chief of administrative services for the city, said the 1985-86 budget represented the first time Huntington Beach has submitted its budget for review. Franz said the award shows that Huntington Beach has “a solid financial plan.”
--Sibyl Jefferson
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