HACEP Receives Distinguished Budget Presentation Award

The Housing Authority of the City of El Paso (HACEP) recently received national recognition for its 2014 budget. The Distinguished Budget Presentation Award has been awarded to HACEP by the Government Finance Officers Association of the United States and Canada (GFOA). The award is the highest form of recognition in the area of governmental budgeting and represents a significant accomplishment by HACEP and its financial management team.

In addition, a GFOA Certificate of Recognition for Budget Presentation has been presented to HACEP’s Chief Financial Officer, Satish Bhaskar, for his individual role in achieving the GFOA award.

“This is a distinguished honor for any government, and I am proud of our finance department for producing an award-winning budget presentation,” said Mr. Bhaskar. “This award represents HACEP’s strong commitment to sound fiscal management and advance planning.”

To receive the award, HACEP had to satisfy nationally recognized guidelines for an effective budget presentation. The agency rated “proficient” in all four categories and the 14 mandatory criteria within those categories are designed to assess how well the entity’s budget serves as a policy document, a financial plan, an operations guide and a communications device.