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On August 26, 2019, the Government Finance Officers Association (GFOA) announced that the City of Cocoa received the Distinguished Budget Presentation Award for its Fiscal Year (FY) 2019 Adopted Budget document. This prestigious honor, the first received by the City of Cocoa in the last twenty-two years and fifth such award overall, represents a significant achievement and reflects the commitment of the City and staff to meeting the highest principles of governmental budgeting.
In order to receive the budget award, the City had to satisfy nationally recognized guidelines for effective budget presentation that assess how well an entity’s budget serves as a policy document, a financial plan, an operations guide and a communications device. Budget documents must be rated “proficient” in all four categories, and in the fourteen mandatory criteria within those categories, to receive the award.
“The City of Cocoa is dedicated to providing the highest quality financial reports for our Citizens, which provide clear and transparent information. A special thank you to our finance staff, which has shown their commitment in making sure that our residents are informed with quality financial documents,” said John A. Titkanich, Jr., AICP, ICMA-CM, City Manager for the City of Cocoa.
There are over 1,600 participants in the Budget Awards Program and the most recent award recipients are posted quarterly on GFOA’s website (www.gfoa.org). Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.
The Government Finance Officers Association is a major professional association servicing the needs of nearly 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners.
“The City is very pleased to have obtained this prestigious award for the first time in 22 years for our budget document from GFOA. Achievement of this award demonstrates the City of Cocoa’s commitment to high quality financial reporting and transparency. Appreciation and gratitude are extended to the dedicated staff who made this award possible,” said Cocoa’s Finance Director, Rebecca Bowman.
To view the FY2019 budget document, visit our website at www.CocoaFL.org/174/Finance.