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REQUEST FOR ACTION <br />TO ITEM NUMBER <br />Ma or and Ci Council 4.6. <br />AGENDA SECTION MEETING DATE PREPARED BY <br />Consent December 5, 2011 Tim Simon, Finance Director <br />ITEM DESCRIPTION REVIEWED By <br />Acceptance of the Certificate of Achievement for Excellence in Cal Portner, Ci Administrator <br />Financial Reporting for the 22"d Consecutive Yeax REVIEWED BY <br />ACTION REQUESTED <br />Acceptance of the Certificate of Achievement for Excellence in Financial Reporting. <br />BACKGROUND/DISCUSSION <br />The City of Elk River has once again received the Certificate of Achievement for Excellence in Financial <br />Reporting for the 2010 fiscal year. The Certificate of Achievement is a prestigious national award <br />recognizing performance with the highest standards fox preparation of state and local government <br />financial reports. The city was one of a few cities to implement Governmental Accounting Standards <br />Statement 54 early for the 2010 financial statements. The City of Elk River has received the Certificate of <br />Achievement for 22 consecutive years. <br />FINANCIAL IMPACT <br />N/A <br />ATTACHMENTS <br />Award Of Financial Reporting Achievement <br />News Release <br />Action Motion by Second by Vote <br />FOllow Up <br />P/MER€® Btu <br />N:\Public Bodies\Ciry Council\Finance\Tim\2011\certificateofexcelleance2010fs.docx <br />