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GOVERNMENT FINANCE <br /> OFFICERS ASSOCIATION <br /> <br />180 North Michigan Avenue, Suite 800, Chicago, Illinois 60601 <br /> 312/977-9700 · Fax: 312/977-4806 <br /> <br />February 27, 1998 <br /> <br /> For information contact: <br />NEWS RELEASE Stephen Gauthier (312) 977-9700 <br /> <br />(Chicago)--The Certificate of Achievement for Excellence in Finan- <br />cial Reporting has been awarded to: City of Elk River, MN, <br />by the Government Finance Officers Association of the United States <br />and Canada (GFOA) for its comprehensive annual financial report <br />(CAFR). The Certificate of Achievement is the highest form of <br />recognition in the area of governmental accounting and finan- <br />cial reporting, and its attainment represents a significant <br />accomplishment by a government and'its management. <br /> <br /> An Award of Financial Reporting Achievement has been awarded <br /> <br />to the individual designated as primarily responsible for <br />preparing the award-winning CAFR. This has been presented to: <br />Lori Johnson, Finance Director <br /> <br /> The CAFR has been judged by an impartial panel to meet the <br /> <br />high standards of the program including demonstrating a construc- <br />tive "spirit of full disclosure" to clearly communicate its <br />financial story and motivate potential users and user groups <br />to read the CAFR. <br /> <br /> The GFOA is a nonprofit professional association serving <br /> <br />12,625 government finance professionals with offices in Chicago, <br />Illinois, and Washington, D.C. <br /> <br /> - 30 - <br /> <br /> WASHINGTON OFFICE <br />1750 K Street, N.W., Suite 650, Washington, DC 20006 <br />202/429-2750 · Fax: 202/429-2755 <br /> <br /> <br />