3.4. SR 12-07-2009~/
City of
Elk -~-,
River
REQUEST FOR ACTION
To Item Number
Ma or and Ci Council 3.4
Agenda. Section Meeting Date Prepared by
Consent December 7, 2009 Tim Simon, Finance Director
Item Description Reviewed by
Acceptance of the Certificate of Achievement for Excellence in Lori ohnson, Ci Administrator
Financial Reporting Reviewed by
Action Requested
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 2008 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 of Elk River has received the Certificate of Achievement for 20 consecutive
years. The 2008 financial statements included the implementation of GASB 45 (other post-employment
benefits).
Financial Impact
None
Attachments
Certificate of Achievement for Excellence in Financial Reporting
News release
Action Motion by Second by Vote
Follow Up
C:\Documents and Settings\jmiller\Local Settings\Temporary Internet Files\OLK3E\Certificate
of achievement2008fs.doc
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Elk River
Minnesota
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 2008
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual fmancial
reports (CAFRs) achieve the highest
standards in government accounting
and fmancial reporting.
_aGE UFp~~,
`c`~T'°
"E ~ A
z~ c0.Qe~ ~°
President
Executive Director
Government Finance Officers Association
203 N. LaSalle Street -Suite 2700
Chicago, IL 60601
Phone (312) 977-9700 Fax (312) 977-4806
11/13/2009
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.