NYCHA Now

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NYCHA Now
August 2016 

Award for Excellence in Financial Reporting

Michael Corwin
From left at rear are Sungwoo Kim, Anthony Cosentino, Victor Buonocore, Hector L. Ramos, Bobby Belvin, and Glenn Greenfield. Front front left are: Linda Jaffee, Arlene Nieves, Tracey Smith, Helga Nyanffor, GM Michael Kelly, EVP & Chief Financial Officer Karen Caldwell, Chair & CEO Shola Olatoye, Budget & Financial Planning Director Georgiana Okoroji, and GFOA’s Patricia Jones and Dawn Donovan.

The Government Finance Officers Association (GFOA) presented NYCHA with its prestigious Distinguished Budget Presentation Award for its current budget on August 8.

The award represents a significant achievement by the Authority, as it reflects the commitment of NYCHA’s leadership and staff to meeting the highest principles of governmental budgeting.

Along with the award, a Certificate of Recognition has been sent to NYCHA’s Department of Budget and Financial Planning, which prepares the annual budget.

NYCHA’s Budget Book was evaluated by an independent panel of budget experts and was rated on 27 criteria,including its effectiveness as a policy statement, financial plan, operations guide, and communications device. The document is an important part of NYCHA’s efforts to achieve transparency and provide clear information to the public on NYCHA’s operations.

“The GFOA’s continued recognition of our efforts to provide the public with a clear and complete budget report reflects the commitment of our highly dedicated Budget and Financial Planning staff to providing the public with a clear and complete budget,” said EVP and Chief Financial Officer Karen Caldwell. “Our success would not be possible without the assistance that we receive from many NYCHA departments.”