Awards for Innovations in Government Finance

About the Program

The Government Finance Officers Association of Alabama (GFOAA) Awards for Innovations in Government Finance program recognizes innovations and outstanding contributions in the field of government finance. The program is designed to recognize documented work that provides leadership to the profession and promotes improved public finance. It is our hope that bringing recognition to implemented innovative ideas will provide additional knowledge and create opportunities for all governmental entities to improve their financial practices while inspiring others to seek innovative solutions to fundamental problems in public finance.

Awards for Innovations in Government Finance will be presented annually to governmental entities in each of the following divisions:

     Large Governments include the State of Alabama; the counties of Jefferson, Madison, Mobile and Montgomery and the cities of Birmingham, Huntsville, Mobile and Montgomery.

     Medium governments include those that serve populations of 50,000 and more.

     Small governments include those that serve populations of less than 50,000.

Awards will be presented in each of the seven major categories within each division. We invite you to participate in GFOAA’s annual Awards for Innovations in Government Finance competition. Listed below are the program requirements and instructions for completing the enclosed application form.

Eligibility

All GFOAA members and nonmembers sponsored by an active GFOAA member may submit entries for consideration. Nonmembers may contact GFOAA to obtain a list of active members from their area. All innovative solutions will be considered for the awards program regardless of their implementation date. There are no fees or charges associated with this program; however, we encourage each recipient to have a representative present at GFOAA’s annual conference to accept the award in person.

Application Submission

Applications will be accepted during the period of October 1 through February 1. Please respond to all application questions and feel free to add additional pages if needed. Three (3) copies of the completed application form and any accompanying documentation must be mailed to the GFOAA and be postmarked by the January 10 deadline.

Categories

Each entry may be entered in one of the following categories. In order to help determine the appropriate category for your entry, bullet points are provided to serve as possible areas for inclusion in each category.

Governmental Accounting, Auditing, and Financial Reporting:

  • financial and cost accounting
  • interim and annual financial reporting
  • internal, performance, and financial auditing

Budgeting and Financial Planning:

  • operating and capital budgeting
  • financial forecasting
  • multi-year budgeting
  • long-range financial planning
  • revenue and cost analysis
  • fiscal trend monitoring
  • performance measurement

Cash Management and Investments:

  • capital financing techniques and practices
  • cash forecasting, monitoring and control
  • revenue enhancements

Capital Finance and Debt Administration:

  • capital financing techniques such as municipal bonds and lease-financing
  • debt planning, issuance and control
  • creative uses of debt finance in economic development

Risk Management and Pensions and Benefits: 

  • retirement and health benefits and other employment and post-employment benefits, such as family leave, childcare, and wellness programs
  • risk management administration
  • outstanding RFPs
  • innovative system procurement/contracting methods

Purchasing/Procurement

  • purchasing administration
  • outstanding RFP's
  • innovative system procurement/contracting methods

Technology:

  • electronic commerce
  • creative uses of the Web in public finance
  • technology outsourcing
  • cost/benefit analysis for technology decision
  • workflow

Judging

All applications will be reviewed by a panel of experienced government finance professionals. All applications will be evaluated in accordance with standard evaluation criteria that include technical significance, transferability, documentation, cost effectiveness, and originality.

Awarding

Award winners will be notified in writing two weeks prior to the GFOAA Annual Conference. Winning entries will be displayed at GFOAA’s annual conference, thereby providing an opportunity for other government professionals to gain insight into successful and innovative practices. Formal presentation of the Awards for Innovations in Government Finance will take place during the annual conference business luncheon.

 

Application for Awards for Innovations in Government Finance (PDF)

Should you have questions regarding this awards program, please feel free to contact mail.gfoaa@yahoo.com.