Tenn. receives high marks for state budget

POSTED: 9:38 AM Aug 16 2013   UPDATED: 5:38 PM Aug 16 2013

Tennessee has once again received a national award for its annual state budget document.          

The Government Finance Officers Association presented the Distinguished Budget Presentation Award to the Division of Budget in the Department of Finance and Administration for fiscal year 2013-2014.          

It's the 21st year the state has received the award.          

To receive the award, Tennessee satisfied guidelines that assessed the budget document as a policy document, a financial plan, an operations guide and a communications device.          

GFOA must rate the budget document proficient in all four categories, along with 14 mandatory criteria within those categories.          

State Finance Commissioner Larry Martin says quality budget documents are the foundation of accountability and form a base for better decision making.