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A Certificate of Achievement is valid for a period of one year only. We believe that our current <br />comprehensive annual financial report continues to meet the Certificate of Achievement Program's <br />requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. <br />The City received the GFOA Award for the Distinguished Budget Presentation for the City budget for the <br />fiscal year beginning January 1, 2011. It was the 3`d consecutive year the City received the award for the <br />document. <br />The preparation of this report is made possible by the efficient and dedicated services of the entire staff <br />of the City Administrator's office and Finance Department. The Mayor and City Council are to be <br />commended for their diligence and resolve in keeping the City in sound and stable financial condition. <br />The City Council's commitment to continually plan for the City's future and dedication to maintain high <br />financial standards has helped the City maintain its strong financial condition during a long period of <br />growth and subsequent slowdown. <br />Respectfully submitted, <br />Timothy Simon <br />Finance Director <br />