HomeMy WebLinkAbout5.b. Certificate of Achievement in Financial Reporting AwardCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: May 1, 2001
AGENDA ITEM: Certificate of Achievement for Financial
AGENDA SECTION:
Reporting
Department Heads Report
PREPARED BY: Mayor Cathy Busho
AGEND 0
U
ATTACHMENTS: Copy of News Release
APPROVED BY:
The Certificate of Achievement for Excellence in Financial Reporting is the highest form of
recognition for excellence in state and local government financial reporting. This is the fourth year
that the City of Rosemount has received the award. The Certificate of Achievement is something that
is looked at favorably by outside agencies when looking at the financial condition of the governmental
agency. The Government Finance Officers Association (GFOA) is the approving agency that has
given the Certificate of Achievement for Excellence in Financial Reporting for the year 1999 to the
City of Rosemount.
RECOMMENDED ACTION: None required.
COUNCIL ACTION:
GOVERNMENT FINANCE
OFFICERS ASSOCIATION
180 North Michigan Avenue, Suite 800, Chicago, Illinois 60601
312/977 -9700 • Fax: 312/977 -4806
February 19, 2001
For information contact:
NEWS RELEASE Stephen Gauthier (312) 977 -9700
(Chicago) - -The Certificate of Achievement for Excellence in Finan-
cial Reporting has been awarded to: City of Rosemount, MN
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 accomplish-
ment 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:
Jeffrey A. May, Finance Director
The CAFR has been judged by an impartial panel to meet the
high standards of the program including demonstrating a construc-
tive "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 14,000 government finance professionals with offices
in Chicago, Illinois, and Washington, D.C.
- 30 -
WASHINGTON OFFICE
1750 K Street, N.W., Suite 650, Washington, DC 20006
202/429 -2750 • Fax: 202/429 -2755