NYCHA Now

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NYCHA Now
October 2015 

Award for Excellence in Financial Reporting

Michael Corwin
recipients of award
From left are: Tracey Smith, Deputy Director for Capital Budget and Revenue; Hector Ramos, Deputy Director for Operating Expenses; Department of Budget and Financial Planning Director Georgiana Okoroji; Chair and CEO Shola Olatoye; Supervisor for Central Offices Arlene Nieves; and Sungwoo Kim, Deputy Director for Central Office and Labor.

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

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 FY 2015 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 recognition is a tribute to our highly dedicated Budget and Financial Planning staff, and the assistance we receive from many NYCHA departments,” said EVP & Chief Financial Officer Richard Couch. “Their collective efforts reflect our commitment to provide the public with a clear and complete budget.”

A formal presentation of the award in the NYCHA Board Room will be scheduled for early next year.