07/25/2024 | Press release | Distributed by Public on 07/25/2024 08:27
The North Dakota Office of Management and Budget (OMB) has been awarded the Distinguished Budget Presentation Award for the 16th consecutive budget cycle by the Government Finance Officers Association of the United States and Canada (GFOA).
"I am incredibly proud of our dedicated team at OMB for receiving this award for the 16th consecutive budget cycle," said OMB Director Susan Sisk. "This recognition reflects our unwavering commitment to transparency, excellence, and responsible financial stewardship for the residents of North Dakota. It's with the assistance of our fellow state agencies that we are able to complete an effective and efficient budget in a timely manner and receive this honor each biennium."
To receive the GFOA Distinguished Budget Presentation Award, an entity must be rated "proficient" in the following four categories: how well an entity's budget serves as a policy document, a financial plan, an operations guide and a communications device, as well as fourteen mandatory criteria within those categories. The GFOA also presented a Certificate of Recognition for Budget Presentation to OMB for its primary role in creating the budget document.
Each biennium, OMB prepares the governor's recommended budget for the upcoming biennium, which is then presented to the Legislature for approval and enactment.