Port of Oakland receives award for effective budget presentation

The Port of Oakland received an award for its budget presentation for the fiscal year (FY) beginning July 1, 2022 (This FY ends June 30, 2023). The award was bestowed by the Government Finance Officers Association (G.F.O.A.) of the U.S.A. and Canada. The Chicago-based association provides best practices and professional development for its 22,500 members, comprised of government financial organizations.

The Distinguished Budget Presentation Award recipients are assessed on how effective their budgets serve as a policy document, a financial plan, an operational guide, and a communications device.

“This award honors the hard work of the port’s budget team and the efforts of all the departments that contributed to the process,” said Port of Oakland Executive Director Danny Wan. “The dedication of our skilled, financial team is an essential element to creating a 21st-century port.”

“A sound budget is a foundation for all the port’s operations and aspirations,” said Port of Oakland Chief Financial Officer Julie Lam. “The Bay Area is an economic powerhouse and the port is the gateway to maintaining its vibrancy.”

The Oakland Board of Port Commissioners approved a $480 million budget that commenced in July 2022. While cautiously optimistic of the region’s growth potential, inflation and a possible recession were taken into consideration in preparing for this fiscal year.