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Government Finance Officers Association <br />203 North LaSalle Street, Suite 2700 <br />Chicago, Illinois 60601-1210 <br />312.977.9700 fax: 312.977.4806 <br />June 21, 2010 <br />Mr. Tim Simon <br />Finance Director <br />Citv of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Dear Mr. Simon: <br />A Panel of independent reviewers has completed its examination of your budget document. We are <br />pleased to inform you that the panel has voted to award your budget document the Distinguished <br />Budget Presentation Award for the current fiscal period. This award is the highest form of <br />recognition in governmental budgeting. Its attainment represents a significant achievement by your <br />organization. <br />The Distinguished Budget Presentation Award is valid for one year. To continue your participation <br />in the program, it will be necessary to submit your next annual budget document to GFOA within 90 <br />days of the proposed budget's submission to the legislature or within 90 days of the budget's final <br />adoption. Enclosed is an application form to facilitate a timely submission. This form should be <br />submitted with four copies of your budget accompanied by the appropriate fee. <br />Each program participant is provided with confidential comments and suggestions for possible <br />improvements to the budget document. Your comments are enclosed. We urge you to carefully <br />consider the suggestions offered by our reviewers as you prepare your next budget. <br />When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of <br />Recognition for Budget presentation is also presented to the individual or department <br />designated as being primarily responsible for its having achieved the award. Enclosed is <br />a Certificate of Recognition for Budget Preparation for: <br />Finance Department <br />Your award plaque will be mailed separately and should arrive within eight to ten weeks. Enclosed is <br />a camera-ready reproduction of the award for inclusion in your next budget. If you reproduce the <br />camera-ready in your next budget, it should be accompanied by a statement indicating continued <br />compliance with program criteria. <br />The following standardized text should be used: <br />Washington, DC Office <br />1301 Pennsylvania Avenue, N.W., Suite 309 Washington, DC 20004 202.393.8020 fax: 202.393.0780 <br />www.gfoa.org <br />