3.7. SR 08-01-2011REQUEST FOR ACTION
To Item Number
City Council 3 , 7 ,
Agenda Section Meeting Date Prepared by
Consent Au st 1, 2011 Tim Simon, Finance Director.
Item Description Rev' d by
Acceptance of the Distinguished Budget Presentation Award ,~
Reviewed by
Action Requested
Acceptance of the Distinguished Budget Presentation Award for the current budget from the
Government Finance Officers Association (GFOA).
Background/Discussion
The City of Elk River for the third consecutive year has received the Distinguished Budget Presentation
Award for the 2011 fiscal year budget document. The Distinguished Budget Presentation Award is a
prestigious national award recognizing the highest standards in governmental budgeting and represents a
significant achievement for the City. I would personally like to thank the Finance staff, all City
departments, and the City Council fox your help in making this award possible.
Financial Impact
None
Attachments
• Distinguished Budget Presentation Award
• GFOA award letter
• Press release
Action Motion by Second by Vote
Follow Up
C:\Users\jjohnson\AppData\Local\Microsoft\Windows\Temporary Internet
Files\Content.Outlook\SFWAYSNS\Certificate of achievementbudgetaward.doc
Government Finance Officers Association
203 North LaSalle Street, Suite 2700
Chicago, Illinois 60601-1210
312.977.9700 fax: 312.977.4806
June 30, 2011
Mr. Tim Simon
Finance Director
City of Elk River
13065 Orono Parkway
Elk River, MN 55330
Dear Mr. Simon:
I am pleased to notify you that City of Elk River, Minnesota has received the Distinguished
Budget Presentation Award for the current budget from the Government Finance Officers
Association (GFOA). This award is the highest form of recognition in governmental budgeting
and represents a significant achievement by your organization.
When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of
Recognition for Budget Presentation is also presented to the individual or department designated
as being primarily responsible for its having achieved the award. This has been presented to:
Finance Department, Finance Department
We hope you will arrange for a formal public presentation of the award, and that
appropriate publicity will be given to this notable achievement. A press release is
enclosed for your use.
We appreciate your participation in GFOA's Budget Awards Program. Through your
example, we hope that other entities will be encouraged to achieve excellence in
budgeting.
Sincerely,
~~-~2
Stephen J. Gauthier, Director
Technical Services Center
Enclosure
Washington, DC Office
1301 Pennsylvania Avenue, N.W., Suite 309 Washington, DC 20004 202.393.8020 fax: 202.393.0780
www.gfoa.org
Government Finance Officers Association
203 North LaSalle Street, Suite 2700
Chicago, Illinois 60601-1210
312.977.9700 fax: 312.977.4806
June 30, 2011
PRESS RELEASE
For Further Information Contact
Stephen J. Gauthier (312) 977-9700
Chicago--The Government Finance Officers Association of the United States and Canada (GFOA)
is pleased to announce that City of Elk River, Minnesota has received the GFOA's Distinguished
Budget Presentation Award for its budget.
The award represents a significant achievement by the entity. It reflects the commitment of the
governing body and staff to meeting the highest principles of governmental budgeting. In order to
receive the budget award, the entity had to satisfy nationally recognized guidelines for effective
budget presentation. These guidelines are designed to assess how well an entity's budget serves as:
^ a policy document
^ a financial plan
^ an operations guide
^ a communications device
Budget documents must be rated "proficient" in all four categories, and the fourteen mandatory
criteria within those categories, to receive the award.
When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition
for Budget Presentation is also presented to the individual or department designated as being
primarily responsible for its having achieved the award. This has been presented to Finance
Department, Finance Department.
For budgets including fiscal period 2010, over 1,250 entities received the Award. Award recipients
have pioneered efforts to improve the quality of budgeting and provide an excellent example for other
governments throughout North America.
The Government Finance Officers Association is a nonprofit professional association serving nearly
17,400 government finance professionals throughout North America. The GFOA's Distinguished
Budget Presentation Awards Program is the only national awards program in governmental
budgeting.
Washington, DC Office
1301 Pennsylvania Avenue, N.W., Suite 309 Washington, DC 20004 202.393.8020 fax: 202.393.0780
www.gfoa.org