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<br />AWARDS <br /> <br />The Government Finance Officers Association of the United States and Canada (GFOA) presented an <br />award for Distinguished Budget Presentation to the City for its annual budget for the fiscal year beginning <br />October 1, 1995. <br /> <br />In order to receive this award, a governmental unit must publish a budget document that meets program <br />criteria as a policy document, as an operations guide, as a financial plan and as a communications device. <br /> <br />The award is valid for a period of one year only. We believe our current budget continues to conform to <br />program requirements, and we are submitting it to GFOA to determine its eligibility for another award. <br /> <br />ACKNOWLEDGMENT <br /> <br />The preparation of the budget on a timely basis could not have been accomplished without the efforts and <br />dedication of the staff of the Department of Finance. We would like to express our appreciation to our staff <br />and other personnel from various departments who assisted in its preparation. <br /> <br />In conclusion, this balanced budget represents the latest of several expenditure strategies reflecting sound, <br />prudent, financial management policies and practices. We are fortunate that our administration has been <br />able to weather the distressed economic conditions of the Houston-Metropolitan area. Council is to be <br />congratulated for providing strong leadership. <br /> <br />Respectfully submitted, <br /> <br />CX~ T. \\~ <br />Robert T. Herrera <br />City Manager <br /> <br /> <br />1-14 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />