GFOA receives Gates Foundation grant for budgeting project.

• Position: News & Numbers - Governmental Accounting Standards Board - Bill and Melinda Gates Foundation - Brief article

The GFOA has received a grant from the Bill & Melinda Gates Foundation for the purpose of identifying and promoting best budgeting practices for schools and community colleges. The research project, which is scheduled for completion in February 2015, will develop and implement criteria for the GFOA's Distinguished Budget Presentation Award program to create incentives for school districts and community colleges to integrate resource alignment best practices into their budget processes.

The GFOA has long been a leader in developing, communicating, and encouraging best practice implementation in budgeting and financial planning, and this initiative continues that effort. The GFOA's award programs, including the Certification of Achievement for Excellence in Financial Reporting and the Award for Excellence, are the most prestigious and sought-after financial management awards in local government. More importantly, they have significantly contributed to improving the quality of budgeting and financial reporting in the public sector. The new award...