4.6. SR 08-06-2012City of
Elk -�-
River
REQUEST FOR ACTION
To
Item Number
Mayor and City Council
4.6
Agenda Section
Meeting Date
Prepared by
Consent
August 6, 2012
Tim Simon, Finance Director
Item Description
Reviewed by
Acceptance of the Distinguished Budget Presentation Award
Cal Portner, City Administrator
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, for the fourth consecutive year, has received the Distinguished Budget Presentation Award for
the 2012 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 for 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
N:APublic Bodies \City Council \Council RCA \Agenda Packet \08 -06- 2012 \Certificate of ocbievementbudgetaward.docx P� 01 W E R E 0 6 i
INAWREJ
Government Finance Officers Association
July 12, 2012
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
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,
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
wwv,.gfoa.org
Government Finance Officers Association
in
July 12, 2012
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:
IN a policy document
IN a financial plan
IM 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.
For budgets including fiscal period 2010, over 1,289 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