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GDGovernment Finance Officers Association <br /> 203 N.LaSalle Street-Suite 2700 <br /> Chicago, IL 60601 <br /> Phone(312)977-9700 Fax(312)977-4806 <br /> November 29,2012 <br /> Tim Simon <br /> Finance Director <br /> City of Elk River <br /> 13065 Orono Parkway <br /> Elk River MN55330 <br /> Dear Mr. Simon: <br /> We are pleased to notify you that your comprehensive annual financial report(CAFR)for the fiscal year ended December 31, <br /> 2011, qualifies for a Certificate of Achievement for Excellence in Financial Reporting. The Certificate of Achievement is the <br /> highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant <br /> accomplishment by a government and its management <br /> Each entity submitting a report to the Certificate of Achievement review process is provided with a "Summary of Grading" <br /> form and a confidential list of comments and suggestions for possible improvements in its financial reporting techniques. <br /> Your list has been enclosed. You are strongly encouraged to implement the recommended improvements into the next report <br /> and submit it to the program. If it is unclear what must be done to implement a comment or if there appears to be a <br /> discrepancy between the comment and the information in the CAFR, please contact the Technical Services Center (312) <br /> 977-9700 and ask to speak with a Certificate of Achievement Program in-house reviewer. <br /> Certificate of Achievement program policy requires that written responses to the comments and suggestions for improvement <br /> accompany the next fiscal year's submission. Your written responses should provide detail about how you choose to address <br /> each item that is contained within this report. These responses will be provided to those Special Review Committee members <br /> participating in the review. <br /> When a Certificate of Achievement is awarded to a government, an Award of Financial Reporting Achievement (AFRA) is <br /> also presented to the individual(s) or department designated by the government as primarily responsible for its having earned <br /> the Certificate. Enclosed is an AFRA for: <br /> Finance Department,City of Elk River <br /> Your Certificate of Achievement plaque will be shipped to you under separate cover in about eight weeks. We hope that you <br /> will arrange for a formal presentation of the Certificate and Award of Financial Reporting Achievement, and that appropriate <br /> publicity will be given to this notable achievement A sample news release has been enclosed. We suggest that you provide <br /> copies of it to local newspapers,radio stations and television stations. In addition,details of recent recipients of the <br /> Certificate of Achievement and other information about Certificate Program results are available in the"Awards Program" <br /> area of our website,www.gfoa.org <br />