The City of Franklin is pleased to announce the Government Finance Officers Association (GFOA) has presented their Distinguished Budget Presentation Award for our fiscal year 25/26 budget.
The award represents a significant achievement. It reflects the commitment of our City and staff to meeting the highest principles of government budgeting. In order to receive the budget award, the City of Franklin had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity’s budget serves as:
▪ a policy document
▪ a financial plan
▪ an operations guide
▪ a communications device
City Administrator Eric Stuckey commended the efforts of the budget and performance team, stating, “This prestigious award is a testament to the dedication and excellence of our City of Franklin team. The budget process and budget document are vitally important in setting priorities and meeting community needs. Special thanks go to our Budget and Performance team, led by Chief Budget and Performance Officer, Michael Walters Young. Their hard work with every City department and commitment to upholding the highest standards of government finance have set a benchmark for others to follow.”
Budget documents must be rated “proficient” in all four categories, and in the fourteen mandatory criteria within those categories, to receive the award.
There are over 1,900 participants in the Budget Awards Program. The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA’s website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.
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