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6.2. SR 01-21-2014 �i EOty lk Request for Action River To Item Number Mayor and City Council 6.2 Agenda Section Meeting Date Prepared by Awards/Recognitions January 21, 2014 Tim Simon, Finance Director & Presentations Item Description Reviewed by Accept the Certificate of Achievement for Cal Portner, City Administrator Excellence in Financial Reporting Reviewed by Action Requested Approve,by motion, the acceptance of the Certificate of Achievement for Excellence in Financial Reporting. Background/Discussion The City of Elk River has once again received the Certificate of Achievement for Excellence in Financial Reporting for the 2012 fiscal year. The Certificate of Achievement is a prestigious national award recognizing performance with the highest standards for preparation of state and local government financial reports. The city continues to implement Governmental Accounting Standards Statement's early in the financial statements. This marks the 24 h consecutive year the city has received the Certificate of Achievement. Financial Impact None Attachments • Press Release • Award of Financial Reporting Achievement p 0 W I R I I a ATURE Government Finance Officers Association 203 N. LaSalle Street-Suite 2700 Chicago, IL 60601 Phone(312)977-9700 Fax(312)977-4806 w 12/30/2013 NEWS RELEASE For Information contact; Stephen Gauthier (312) 977-9700 (Chicago)--The Certificate of Achievement for Excellence in Financial Reporting has been awarded to City of Elk River by the Government Finance Officers Association of the United States and Canada(GFOA) for its comprehensive annual financial report(CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. An Award of Financial Reporting Achievement has been awarded to the individual(s), department or agency designated by the government as primarily responsible for preparing the award-winning CAFR. This has been presented to: Finance Department,City of Elk River The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive "spirit of full disclosure"to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington,D.C. i \IR oa % \ « » , \ ) § ® / Z2 t)o\ \ \ �/\ / f® \ \ $ /\ r . \{ § § % . ~ / / § / ( ate » a � � ¥ w « \ %@ & � o \ O ,_ \ 7 C) u t � 2Q § \ / a \ \ \ / Fm % o g � � tj O . , ,_ 2 g Q } g � . pSO Ze %t d� . as ) Iva