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by Marquel Coaxum, Multimedia Coordinator
MOUNT PLEASANT, SC (March 15, 2018) – The Government Finance Officers Association recently presented the Town of Mount Pleasant with one of the nation's highest honors in financial reporting.
The GFOA presented the Town with the Distinguished Budget Presentation Award for its comprehensive annual financial report for the fiscal year ending 2017.
"This is no surprise that we are being presented with this award," said Mount Pleasant Town Administrator Eric DeMoura. "Our budget team works day in and day out, ensuring that we not only stay compliant but that we meet and surpass the highest standards in our financial practices year after year."
Award Criteria The award represents a significant achievement. It recognizes governments that have pioneered efforts to improve the quality of budgeting, and that provide an excellent example for other governments throughout North America.
To receive the award, applying governments need to satisfy nationally recognized guidelines for an effective budget presentation that assessed how well their budget serve as a policy document, a financial plan, an operations guide, and a communications device, the GFOA said in the award notification.
A Successful HistoryDating back to 2012, this year marks the sixth year in a row that the Town has applied for and won the award. In those six years, the Town has met those goals and received the honor, showing a continued and consistently high level of success, said Marcy Cotov, the Town's chief financial officer.
"From day one, we set out to ensure that our budget reporting meets the most stringent criteria," said Cotov. "Our team continues to work diligently to shape and set the Town up for a successful financial future in the years to come."