Lake Forest Park earns award for excellence in budgeting

Lake Forest Park achieved an award for excellence in budgeting from the Government Finance Officers Association (GFOA), recognizing its commitment to effective financial management. The award will be presented by Phillip Edward Hill Jr. on September 18, 2025, during a ceremony that emphasizes the significance of responsible budgeting in local government. This recognition highlights the city's proactive approach to fiscal accountability and efficiency, essential for maintaining public trust. Lake Forest Park's achievement serves as an example for other municipalities striving to enhance their financial practices.

The GFOA award is a prestigious acknowledgment that reflects best practices in budgeting and financial reporting. By receiving this award, Lake Forest Park demonstrates its dedication to transparency and responsible governance. The city’s financial management strategies contribute to its long-term sustainability and growth. This recognition not only rewards past efforts but also encourages ongoing improvements in public finance.