Collin College Awarded for Fiscal Stewardship
April 19, 2011 – The Government Finance Officers Association of the United States and Canada (GFOA) announced that Collin College received the Distinguished Budget Presentation Award for its budget.
The award represents a significant achievement by Collin College. It reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting. In order to receive the budget award, Collin College 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 and a communications device. Budget documents must be rated “proficient” in all four categories, and the 14 mandatory criteria within those categories, to receive the award.
“The Collin College Board of Trustees is very active in ensuring fiscal integrity, cost effectiveness and quality performance at this institution,” said District President Cary Israel. “The trustees’ leadership guides our strategic direction and accomplishments. We also appreciate VP/CFO Ralph Hall and his stellar administrative team for helping the college achieve this recognition.”
The award supports Collin College’s dedication toward financial responsibility and transparency. For 13 straight years, Collin College has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association.
“The importance of a well-developed budget cannot be overstated,” said Hall, who has served the college for 25 years. “The budget operates as a control mechanism to match revenues to expenditures and prevent financial deficits. I am proud of my staff in establishing Collin College as a nationally-renowned, fiscally-responsible institution.”
Eight recipients nationally were recognized along with Collin College, including the city of South San Francisco, the city of Winder in Georgia, Village of Beach Park in Illinois and the County of Jackson in Michigan.
The GFOA is a nonprofit professional association serving more than 17,600 government finance professionals throughout North America. The GFOA’s Distinguished Budget Presentation Awards program is the only national awards program in governmental budgeting.
Visit collin.edu for more information about Collin College.
Collin College serves more than 51,000 credit and continuing education students annually and offers more than 100 degree and certificate programs. The only public college in the county, Collin College is a partner to business, government and industry, providing customized training and workforce development.