HomeMy WebLinkAbout5.a. Acknowledgement of Award Of Certificate of Achievement for Excellence in Financial ReportingAGENDA ITEM: Acknowledgement of Award of Certificate
of Achievement for Excellence in
Financial Reporting
AGENDA SECTION:
Department Head Reno t
PREPARED BY: Alan Cox, Communications Coordinator
AG
L ATTACHMENTS: Appendix A— notification letter
APPROVED BY:
RECOMMENDED ACTION:
ROSEMOUN 1
CITY COUNCIL
City Council Regular Meeting: December 20, 2005
EXECUTIVE SUMMARY
For the ninth consecutive year, the Government Finance Officers Association has awarded the City of
Rosemount a Certificate of Achievement for Excellence in Financial Reporting The award recognizes the
City's comprehensive annual financial report for the fiscal year that ended December 31, 2004 The report
was accepted by the City Council during its regular meeting on June 7, 2005
The Association describes the Certificate as "the highest form of recognition in governmental accounting
and financial reporting." An impartial panel judged the City's report based on high standards, including
the demonstration of a "spirt of full disclosure" to communicate the City's financial situation to interested
parties. The Associatron, which is a nonprofit professional group, says the award has proven to benefit
governments that receive it in areas such as clarity, completeness, and as an aid to marketing securities.
Rosemount was one of eight communities m Dakota County to receive the Certificate last year. This
year's award will be sent to Finance Director Jeff May, who will add it to the crowded display of the eight
previous awards visible m the lobby of City Hall. The award- winning, 102 -page report can be downloaded
from the City's website on the Finance Department page
1
November 17, 2005
Stephen J. Gauthier, Director
Technical Services Center
SJG /ds
Government Finance Officers Association
203 N LaSalle Street Suite 2700
Chicago, 11, 60601
Phone (312) 977 -9700 Fax (312) 977 -4806
The Honorable William H Droste
Mayor
City of Rosemount
2875 145th Street West
Rosemount MN 55068
Dear Mayor Droste
We are pleased to notify you that your comprehensive annual financial report for the fiscal year ended December 31, 2004
qualifies for a Certificate of Achievement for Excellence in Financial Reporting. The Certificate of Achievement is the
highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant
accomplishment by a gov eminent and its management
The Certificate of Achievement plaque will be shipped to:
under separate cover in about eight weeks. We hope that you will arrange for a formal presentation of the Certificate and
Award of' Financial Reporting Achievement, and that appropriate publicity will be given to this notable achievement. To
assist with this, enclosed are a sample news release and the Certificate Program 'Results" for reports with fiscal years
ended during 2003 representing the most recent statistics available
We hope that your example will encourage other government officials in their efforts to achieve and maintain an
appropriate standard of excellence in financial reporting.
Sincerely,
Government Finance Officers Association
Jeffrey A. May
Finance Director