HomeMy WebLinkAbout3.a. Acknowledgement of Award of Certificate of Achievement for Excellence in Financial Reporting
EXECUTIVE SUMMARY
City Council Regular Meeting: March 4, 2020
AGENDA ITEM: Acknowledgement of Award of Certificate
of Achievement for Excellence in
Financial Reporting
AGENDA SECTION:
Acknowledgments
PREPARED BY: Jeff May, Finance Director AGENDA NO. 3.a.
ATTACHMENTS: Certificate Award, Notification Letter APPROVED BY: LJM
RECOMMENDED ACTION: No action necessary.
For the twenty-third 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, 2018. The
report was accepted by the City Council during its regular meeting on June 4, 2019.
The Association describes the Certificate as “the highest form of recognition in governmental accounting
and financial reporting, and its attainment represents a significant accomplishment” by a government and
its management. An impartial panel judged the City’s report based on high standards, including the
demonstration of a “spirit of full disclosure” to communicate the City’s financial situation to interested
parties. The Association, which is a non-profit 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.
This year’s award was received by Finance Director Jeff May, who will add it to the display visible in the
lobby of City Hall. The award-winning, 111-page report can be downloaded from the City’s website on
the Finance Department page.