GFOA's Awards for Excellence in Government Finance recognize innovative programs - contributions to the practice of government finance that exemplify outstanding financial management. The awards stress practical, documented work that offers leadership to the profession and promotes improved public finance. Entries may be submitted for consideration in one of the following Award for Excellence categories:

• Creative Solution to Common Challenge
• Exceptionally Well Implemented GFOA Best Practice

Criteria examined when considering an application for the award include: local significance and value, technical significance, transferability, documentation, the cost/benefit analysis, efficiency, originality, and durability. Membership in the GFOA is not required to apply for an award.