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Mr. Tim Simon <br />June 21, 2010 <br />Page 2 <br />The Government Finance Officers Association of the United States and Canada <br />(GFOA) presented a Distinguished Budget Presentation Award to City of Elk <br />River, Minnesota for its annual budget for the fiscal year beginning January 1, <br />2010. In order to receive this award, a governmental unit must publish a budget <br />document that meets program criteria as a policy document, as an operations <br />guide, as a financial plan, and as a communications device. <br />This award is valid for a period of one year only. We believe our current budget <br />continues to conform to program requirements, and we are submitting it to GFOA <br />to determine its eligibility for another award. <br />A press release is enclosed. <br />The Government Finance Officers Association encourages you to make arrangements for <br />a formal presentation of the award. If you would like the award presented by a member <br />of your state or provincial finance officers association, we can provide the name of a <br />contact person for that group. <br />We appreciate your participation in this program and we sincerely hope that your example <br />will encourage others in their efforts to achieve and maintain excellence in governmental <br />budgeting. The most current list of award recipients (with hyperlinks) can be found on GFOA's <br />website at www.gfoa.org. If we can be of further assistance, please contact the Technical <br />Services Center. <br />Sincerely, <br />Stephen J. Gauthier, Director <br />Technical Services Center <br />Enclosure <br />