Port of Oakland receives award for effective budget presentation
Oakland, Calif. – January 6, 2023: 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 as 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 the 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.
About the Port of Oakland
The Port of Oakland oversees the Oakland Seaport, Oakland International Airport, and nearly 20 miles of waterfront including Jack London Square. The Port's 5-year strategic plan - Growth with Care - pairs business expansion with community benefits, envisioning more jobs and economic stimulus as the Port grows. Together with its business partners, the Port supports more than 84,000 jobs. Connect with the Port of Oakland and Oakland International Airportthrough Facebook, or with the Port on Twitter, YouTube, and at www.portofoakland.com.