|FOR IMMEDIATE RELEASE||
CONTACTS: Tom Vincz
|August 30, 2004||
New Jersey, Treasury Receive National Budget Presentation Award
| TRENTON – State
Treasurer John E. McCormac announced today that New Jersey’s
State budget presentation has earned top honors – for the 14th
year in a row -- from the Government Finance Officers Association (GFOA)
of the United States and Canada.
The GFOA announced this month that the State of New Jersey has received the Distinguished Budget Presentation Award for its FY 2004 Budget. In addition, Treasury’s Office of Management and Budget (OMB), as the individual agency primarily responsible for the budget, has been awarded a Certificate of Recognition for Budget Preparation. The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.
“This award continues a proud and consistent record of excellence in how OMB assembles, manages and presents New Jersey’s State Budget,” said Treasurer McCormac. “Under the leadership of OMB Director Charlene Holzbaur, New Jersey presents a budget that is a comprehensive, user friendly guide to the administration’s fiscal balance sheets and policy priorities. OMB continues to set the standard of distinction for governments throughout North America,” said McCormac.
to the GFOA, this award “is a significant achievement,
reflecting the commitment of the governing body and staff to meeting
the highest principles of government budgeting.” In order to
receive the budget award, New Jersey had to satisfy nationally recognized
guidelines for effective budget presentation in making the spending
plan a policy document, a financial plan, an operations guide and a
communications device. Budget documents must be rated “proficient” in
all four categories to receive the award.