HomeMy WebLinkAbout3.a. Certificate of Achievement for Excellence in Financial Reporting Award
EXECUTIVE SUMMARY
City Council Regular Meeting: March 15, 2022
AGENDA ITEM: Certificate of Achievement for Excellence AGENDA SECTION:
in Financial Reporting Award Acknowledgements
PREPARED BY: Teah Malecha, Finance Director AGENDA NO. 3.a.
ATTACHMENTS: Press Release, Award APPROVED BY: LJM
RECOMMENDED ACTION: Acknowledge the Award Earned by the City and Finance Staff
SUMMARY
The City of Rosemount has received the Government Finance Officers Association (GFOA) Certificate of
Achievement for Excellence in Financial Reporting for the 2020 Annual Comprehensive Finance Report
(ACFR).
The GFOA’s Certificate of Achievement is the highest form of recognition in governmental accounting
and financial reporting and its attainment represents a significant accomplishment for the City and staff.
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This is the 25 consecutive year that City has received this prestigious national award. In order to receive
this award, the government entity needs to publish an easily readable and efficiently organized annual
comprehensive financial report and satisfy both generally accepted accounting principles (GAAP) and
applicable legal requirements. The Certificate of Achievement is valid for one year.
Thank you to the Finance staff for their continuous hard work in achieving this honor.
FOR IMMEDIATE RELEASE
3/8/2022 For more information contact:
Michele Mark Levine, Director/TSC
Phone: (312) 977-9700
Fax: (312) 977-4806
Email: mlevine@gfoa.org
(Chicago, Illinois)—Government Finance Officers Association of the United States and Canada (GFOA) has
awarded the Certificate of Achievement for Excellence in Financial Reporting to City of Rosemount for its
annual comprehensive financial report for the fiscal year ended December 31, 2020. The report has been judged
by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive
"spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups
to read the report.
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.
Government Finance Officers Association (GFOA) advances excellence in government finance by providing best
practices, professional development, resources, and practical research for more than 21,000 members and the
communities they serve.
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Rosemount
Minnesota
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
December 31, 2020
Executive Director/CEO
The Government Finance Officers Association of
the United States and Canada
presents this
AWARD OF FINANCIAL REPORTING ACHIEVEMENT
to
The Award of Financial Reporting Achievement is presented by the Government Finance Officers
Association to the department or individual designated as instrumental in the government unit achieving
a Certificate of Achievement for Excellence in Financial Reporting. A Certificate of Achievement is
presented to those government units whose annual financial reports are judged to adhere to program
standards and represents the highest award in government financial reporting.
Executive Director
Date: 3/8/2022
Finance Department
City of Rosemount, Minnesota