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Posted on: October 16, 2019

Chesterfield Receives Statewide Recognition on Budget Innovations

Three members of the Budget and Management Department accept Oct 2019 VGOFA Innovation award plaque

Budget and Management

October 16, 2019

CHESTERFIELD COUNTY, VA — Chesterfield County has been honored by the Virginia Government Finance Officers’ Association with the 2019 VGFOA Innovations in Government Finance Award. The county was recognized for excellence in two categories: 1. e-Government and Technology and 2. Budgeting and Financial Planning.

The 2019 VGFOA Innovations in Government Finance Award was presented to staff of the county’s Budget and Management Department on Thursday, Oct. 11, at the 2019 VGFOA Fall Conference in Richmond.

Within e-Government and Technology, the county was recognized for innovative development of Bluefield Chesterfield, a brand centered upon an engaging, interactive new website designed to share and host strategic conversation with the community on key topics related to budget, planning and programmatic services and investment.

Within Budgeting and Financial Planning, the county was recognized for in-house development of a new dashboard tool to provide more advanced, accurate projections in real time. Featuring drill-down capability using PowerPivot in Excel, the tool allows the department to use transactional level data from 2009-present across county funds to identify trends in revenue and expenditure patterns, monitor department budgets and project future spending and budgetary needs.

“The Budget and Management team has made great strides in our efforts towards greater accuracy in financial forecasting,” Meghan Coates, director of the Budget and Management Department, said. “We also have placed significant emphasis on collaboration to better communicate our work to Chesterfield residents. We are pleased to have earned recognition from VGFOA for our innovation and we are thankful for a Board and County Administration that encourage us to challenge the status quo.”

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