The Kenai Peninsula Borough has been awarded the Distinguished Budget Presentation Award by the Government Finance Officers Association of the United States and Canada.
The award represents a significant achievement and reflects the commitment of the borough and staff in meeting the highest principles of governmental budgeting.
The borough was one of 1,328 entities that received the award. Borough Mayor Mike Navarre noted that the borough is a long-time recipient of this prestigious award, which illustrates the KPB’s collective commitment to practice good financial stewardship.
Mayor Navarre, said that he greatly appreciates the professional approach and diligent work that Borough Finance Director Craig Chapman and the finance department staff have dedicated to the successful management of the budgetary process.
In order to receive the budget award, the borough had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well the borough’s budget serves as a policy document, a financial plan, an operations guide and a communications device.