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Congratulati o ns! Awards for innovation T
he CSMFO Innovation Award recognizes innovation in public sector finance in the areas of accounting, budgeting, treasury, debt administration, procurement, risk management, and technology. An Innovation Award Review Panel composed of CSMFO board members and Recognition Committee leadership score the applications. The Innovation Award Review Panel can choose to present up to three awards per year. In evaluating the applications, the Review Panel looks for originality, purpose, effectiveness, practicality, and transferability. We are pleased to present this year’s Innovation Award to the City of Cupertino for their “Engage Residents with Interactive Dashboards” submission! In an effort to promote financial transparency and engage its residents, the City of Cupertino created not one, but two dashboards. The City created the Resident Tax Calculator and the Budget Forecast Tool. The Resident Tax Calculator gives residents personalized estimates of how much they pay in sales and property taxes. When a resident enters how much money they spend on goods and services and the assessed value of their home, the calculator shows the resident how much tax they pay and where the tax dollars go. By allowing residents to follow the money, the calculator aids residents in understanding how their tax dollars pay for City services.
